A Policy@McCombs event with Jason Brennan, Professor of Strategy, Economics, Ethics, and Public Policy at Georgetown University.
Academics extol high-minded ideals, but they fall short. The reasons are not mysterious: College bureaucratic structures also often incentivize and reward bad behavior, while disincentivizing and even punishing good behavior. The problems are deep and pervasive: Most academic marketing and advertising is semi-fraudulent. To justify their own pay raises and higher budgets, administrators hire expensive and unnecessary staff. Faculty exploit students for tuition dollars through gen-ed requirements. Fixing the problems of higher ed means fixing the perverse incentives.