01 / belief
I think when universities were extracting rent and putting it into research, there was an argument that that was generally a socially productive equilibrium, but now that they’re putting it into administration, which has a lot but very complicated explanation from that, I think that rent extraction has certainly not been producing these spillover effects for society.
“I think when universities were extracting rent and putting it into research, there was an argument that that was generally a socially productive equilibrium, but now that they’re putting it into administration, which has a lot but very complicated explanation from that, I think that rent extraction has certainly not been producing these spillover effects for society.”
- Speaker
- Steve Teles
- Publisher
- Conversations with Tyler