The issue of diversity on college campuses raises a number of difficult and provocative issues. In a ruling expected later this year, a federal district court will determine whether the selection criteria Harvard employs to boost admissions of some demographic groups pass legal muster. In the new issue of Regulation, Dennis L. Weisman contends that defining discrimination exclusively in terms of a departure from merit-based admissions may be too narrow because it fails to account for the value conferred on the university by other types of admissions. Also in this issue, Richard B. McKenzie discusses the economics undergirding the Climate-Change Doomsday Trap, and Chris Elmendorf looks at bolstering pro-housing factions in local government.
Most economies advance by simultaneously decreasing costs and increasing quality. Unfortunately, when it comes to higher education, this has been turned on its head. Costs keep rising while quality declines. How has this happened? What can be done? A new book, edited by Cato scholars Todd Zywicki and Neal McCluskey, provides a sober and informative assessment of the state of higher education, critically covering historical assumptions, increasing government involvement, reflexive aversion to profit, and other, maybe unexpected, conclusions.
- Unprofitable Schooling: Examining Causes of, and Fixes for, America’s Broken Ivory Tower, edited by Todd J. Zywicki and Neal P. McCluskey
- “Putting the Ivory Tower Together Again: Identifying and Fixing the Faults,” Cato Conference