Adam Smith Goes to College: An Economist Becomes an Academic Administrator
The author asks whether it is useful to view universities in a utility-maximizing framework and shows that university organizing virtually guarantees that the utility-maximizing model is the incorrect approach. He then discusses resource allocation issues at Cornell and reflects upon how concepts that are obvious to economists helped or hindered decision making at Cornell. The author hopes to convey not that economic concepts are irrelevant in operating a university, but rather that it takes a long time to explain to all the actors in the system why these concepts should matter and even longer to actually make them matter.
Volume (Year): 13 (1999)
Issue (Month): 1 (Winter)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mariano Tommasi, 1995.
"Why Does it Take a Nixon to go to China?,"
UCLA Economics Working Papers
728, UCLA Department of Economics.
- Ehrenberg, Ronald & Kasper, Hirschel & Rees, Daniel, 1991.
"Faculty turnover at American colleges and universities: Analyses of AAUP data,"
Economics of Education Review,
Elsevier, vol. 10(2), pages 99-110, June.
- Ronald G. Ehrenberg & Hirschel Kasper & Daniel I. Rees, 1990. "Faculty Turnover at American Colleges and Universities: Analysis of AAUP Data," NBER Working Papers 3239, National Bureau of Economic Research, Inc.
- Boyes, William J & Happel, Stephen K, 1989. "Auctions as an Allocation Mechanism in Academia: The Case of Faculty Offices," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 37-40, Summer.
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