article on drop in humanities/arts majors

Vanagandr
Wed, 10 Nov 2010 10:41:42 +0000

It seems like the universities are expanding capacity to produce degrees that are neither lucrative nor in demand. They have such luxuries since they are publicly-funded and are insulated from market forces. This insulation results in a lack of understanding of the basic economics surrounding a degree, i.e. that if I am going to be investing four years’ opportunity cost and tens of thousands of dollars, it bloody well better be producing a return.

If the tenured mandarins want to spin their wheels on the dime of private benefactors, good for them, but it is when the public bankrolls this folly that this nonsense needs to be addressed.