Tag Archives: econ

Economics and Annoying Smart Guys

This pretty much reflects exactly how I feel about the current economic situation.

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The Cold War and the Militarization of the Academy

It is a widely-discussed problem within higher education that the current job market is, to say the least, a difficult one. Universities are creating fewer and fewer tenure-track positions, relying on adjuncts, graduate students, and limited-term visiting professors for a growing share of the teaching load. Many if not most disciplines produce more PhDs than there are academic jobs to be filled. Public Universities in most states face the constant threat of reduced funding. One of the primary reasons for this state of affairs can be traced directly to the first fifteen years or so of the Cold War. In the years between World War II and 1960, the United States government began a massive and unparalleled investment in higher education, through grants, endowments, and the GI Bill, in order to promote its anti-Soviet agenda. The beginning of Perestroika and the eventual collapse of the Soviet Union, then, created a problem for American academics—the US university system had grown, over fifty years of federal investment for Cold War aims, to a point that was unsustainable without continued levels of funding. But when the specter of Communism was no enough to justify previous levels of spending, disinvestment began, and as is the case with most large, bureaucratic systems, the American university system was slow to react and adapt. […]

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Herbert Hoover and the Corporatist State

One of those questions that Americanist grad students in History get asked a lot is, "What was new about the New Deal?"

At first it struck me as a pretty obvious question– of course EVERYTHING was new about the New Deal. That’s definitely the story I heard growing up… But when you look at it, things get murky– Hoover wasn’t the laissez faire capitalist he’s often made out to be. In fact, he was a proponent of an interventionist federal government. FDR outspent every president before him on social welfare, but Hoover outspent every president before HIM.

So looking to resolve the question, and looking into it a bit, I’ve come up with– well, at least a theory. Hoover was a corporatist and an associationalist. He was for intervention, but not for the type of big state programs that the New Deal ushered in. And when he needed big state programs, he didn’t like to leave their management in the hands of the state alone. […]

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