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How Might Adam Smith Pay Professors Today?

  • Timothy Perri

Adam Smith’s proposal for paying professors was intended to induce increased faculty knowledge. If students have imperfect information about what they learn, and universities can only imperfectly measure the input of faculty time in student learning, publicati:

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Paper provided by Department of Economics, Appalachian State University in its series Working Papers with number 04-08.

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Handle: RePEc:apl:wpaper:04-08
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  1. Rosen, Sherwin, 1987. "Some Economics of Teaching," Journal of Labor Economics, University of Chicago Press, vol. 5(4), pages 561-75, October.
  2. William E. Becker & William Bosshardt & Michael Watts, 2012. "How Departments of Economics Evaluate Teaching," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 325-333, July.
  3. McDowell, John M, 1982. "Obsolescence of Knowledge and Career Publication Profiles: Some Evidence of Differences among Fields in Costs of Interrupted Careers," American Economic Review, American Economic Association, vol. 72(4), pages 752-68, September.
  4. Zhiqi Chen & J. Stephen Ferris, 1995. "A Theory of Tenure for the Teaching University," Carleton Economic Papers 95-12, Carleton University, Department of Economics, revised Jan 1999.
  5. George J. Stigler, 1989. "The Future of Higher Education: An EconomicPerspective," University of Chicago - George G. Stigler Center for Study of Economy and State 56, Chicago - Center for Study of Economy and State.
  6. McCormick, Robert E & Meiners, Roger E, 1988. "University Governance: A Property Rights Perspective," Journal of Law and Economics, University of Chicago Press, vol. 31(2), pages 423-42, October.
  7. Siow, Aloysius, 1997. "Some evidence on the signalling role of research in academia," Economics Letters, Elsevier, vol. 54(3), pages 271-276, July.
  8. Elizabeth Becker & Cotton M. Lindsay & Gary Grizzle, 2003. "The derived demand for faculty research," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(8), pages 549-567.
  9. Arthur M. Diamond, 1993. "Economic Explanations of the Behaviour of Universities and Scholars," Journal of Economic Studies, Emerald Group Publishing, vol. 20(4/5), pages 107-133, September.
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