Sustainability in EDU Over last 20 years

The SustainZine has been blogging (although rather sporadically) for 11 years. Wow!. One of the first blogs was related to an article (and a SAM presentation) by Hall, Tayler, Zapalski and Hall (2009). It focused on sustainability in Higher ED, specifically on how the facilities of universities were doing sustainability initiatives but there were few actual classes on Sustainability. The classroom, i.e., the future of sustainability was far behind.

Later in 2010 Hall (2010) published an article on Lessons of recessions: Sustainability education and jobs may be the answer. (SustainZine Blog post here.) This article discusses the Great Recession of 2007-2008. Make no doubt about the pandemic of 2020, it too was a recession so destructive innovation has been (and will continue to be) the result.

Little history on Recessions... Lessons in Recessions.

The question recently came up as to "I still have never gotten a great description how we got into the Great Depression?"

The truth is, it wasn't easy.

But one of the best 4 minute explanations ever is on this YouTube video: Causes of the Great Depression.

John Maynard Keynes, the king of Keynesian economics, would call these expansions and contractions, not recessions. You get them free with a capitalist economic system. With the exception of China, it seems that you may only get the contractions in communist systems (like USSR, Cuba, S. Korea and Venezuela).

Read more on the Great Depression at Wikipedia. As it pertains specifically to the USA, it is pretty heavy reading, though.

You can look at the similarities of the recessions of 2000 (the DotCom bomb) and the Great Recession of 2007-200x. In all cases there were financial bubbles at work. But the Great Recession was bubble-bulging in housing and financial markets throughout the USA and beyond. It effected all US industries and and all US States. No place to run from it, and no place to hide from it.

Apply called The Great Recession, it is a generational recession. That is, economists argue that you should only see such a recession about once in your lifetime.  Note the massive overhang of shadow banking and the increase in uncertainty (including the use of derivatives).

Of course, you should only experience a hurricane about once in your lifetime or see a massive flood about every 500 years. Sometimes historical precedent does not accurately foretell the future?

You should expect markets to overshoot, maybe wildly, in the future. The overshoot will be to down side and to the up, as well.

Keep going up, but carry a parachute.

BTW. Check out this article about doing the same-old, same old, after a recession obviously suggests that a new approach is needed. Creating the same college degrees as if there would be jobs for them is, well, not smart!

Hall, E. (2010). Lessons of recessions: Sustainability education and jobs may be the answer. Journal of Sustainability and Green Management. Jacksonville, FL: Academic and Business Research Institute. Retrieved from: http://www.aabri.com/OC2010Manuscripts/OC10079.pdf  

Keywords: recession, Recovery, Great Depression, Great Recession, Keynes, Sustainable Education