Market values in American higher education: the pitfalls and promises
Charles W. Smith's provocative book, Market Values in American Higher Education argues that current financial problems in higher education are not tied to such things as tenure, sabbaticals, overemphasis on research, and curriculum changes. Rather, they are due to counterproductive and expensive efforts to impose hierarchical corporate managerial structures, slash and burn cost reduction schemes, and costly pursuits of phantom revenue sources--be they highly visible new programs, grants, or even gifts that actually need to be subsidized by the institution.
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Cutting Costs and Raising Revenues
Expanding Academic Administration
Curtailing Traditional Faculty Governance and Reward Systems
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