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As the transition from the industrial age to the information age/knowledge economy continues, economic competitiveness has taken on added importance and new meanings. The concepts of competitiveness, productivity, and prosperity can be applied to individuals, companies, regions (such as metropolitan areas or states), and countries, though the meaning/interpretation of each may vary somewhat by the unit of analysis.
Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.
The average return on investment in a bachelor's degree remains very high for men and women. However, the college earnings premium varies widely by major field of study.
There is broad agreement that the average return on investment in a four-year college degree remains substantial and that other benefits accrue to graduates and to society. However, public perception of the value of a bachelor's degree is different and has decreased over time.
Artificial intelligence is an institutional design challenge for higher education. The central question is whether universities will organize AI around the forms of human effort that higher education is meant to cultivate.