"At a time when innovative frameworks are needed to change the trajectory of higher education, Bogart's One Semester Away from a Crisis is an indispensable guide for leaders of small colleges navigating an industry in need of change. Using a unique, clear, disciplined lens of economics, the book unpacks complex leadership challenges--balancing constituent interests, managing scarce resources, leveraging cooperation with competitors, and sustaining mission in the face of financial constraints. Each chapter offers self-contained, real-world applications of core economic concepts, from constrained optimization and portfolio diversification to regulatory capture and the logic of collective action, all tailored to the unique realities of small, teaching-focused institutions. Rather than offering abstract theory, Bogart provides an accessible and practical framework that clarifies why certain decisions--whether in pricing, program design, governance, or partnerships--are made, and how leaders can make them more effectively. For presidents, trustees, senior administrators, and emerging leaders committed to stewarding their institutions through uncertainty, this book is both a reality check and a roadmap for resilient, mission-driven leadership.".
One Semester Away from a Crisis : An Economist's Perspective on Leading Small Colleges