Daily reCCAP: 01/26/12
For a long time now, universities have flourished by offering a bundled package of knowledge and credentialing. People attended university in order to learn stuff that they couldn’t learn elsewhere — because the experts weren’t elsewhere — and to be certified by those experts as having actually learned said stuff. The bundle has been a culturally powerful one.
But now: unbundling.
economists have a tendency to convey more scientific certainty in their policy positions than the theory and evidence objectively would allow. Too many economists are willing to make seemingly definitive scientific statements about policy based on models, that they know, or should know, are highly imperfect. To deal with that problem, this paper suggests that applied economists should see themselves as engineers, not as applied scientists.
since the 1980s per capita law school faculty direct compensation has roughly doubled, while the sheer number of faculty, relative to the size of law school student bodies, has also doubled. I have entered this data into a program that can only be run on a Cray supercomputer, and the resulting calculation suggests that total law school faculty costs are four times higher now than they were 30 years ago.
there is reason to be concerned that the recent large increases in Pell have had the unintended effect of accelerating the trend for more than a decade in which institutions move their own aid up the income scale because Pell is viewed as taking care of the neediest students.