California, Part IV

One final article on what we can learn about developing an economic growth strategy from California. John Judis wrote for the New Republic a more nuanced article than the Time magazine cover story on the future prospects of California. Its…

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Culture Trumps Policy

Reading and writing about the future of California has me thinking about what really matters to their likely continuing role as an economic powerhouse. What is it that positions them far better to succeed in a flattening world than Indiana…

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California vs Indiana

In my last post we explored how is it that Time magazine could do a cover story on California's bright future economic prospects despite a dysfunctional state government and business unfriendly policies. The stuff that conventional wisdom believes is vital…

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California Ascendant?

Time Magazine recently published a thought provoking cover story on California. Its worth reading, thinking about and debating. Because if its right – as I believe it is – most everything we think drives state economic growth is wrong. The…

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Texas Research Universities Initiative

Little noticed in yesterday's election was the adoption, by a 55%-45% margin, of a $500 million fund to create more Tier One  research universities in Texas. It was supported by both parties -  including a very conservative  Governor. Their goal…

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Public Investments, Part III

So if the prestigious Milliken/Blanchard panel laid out a framework for state policy makers on tax and spending policies that will help grow the Michigan economy, why have their recommendations been ignored? I think there are three main reasons: 1.…

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The Limits of State Policy

Hal Wolman, formerly of Wayne State, now at George Washington, was in town this week. He is working on a national project to try to figure out what characterizes resilient regions – those that recover from big economic shocks. I…

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