Dr. Richard Vedder
Dr. Richard Vedder, Distinguished Professor Emeritus of Economics at Ohio University, authored an op-ed in the Pittsburgh Post-Gazette headlined “The three deficiencies of higher education: Reform must begin with information, incentives and innovation.”
The recent Varsity Blues college admissions scandal shows affluent Americans will pay large sums to get their kids into prestigious universities. But why? The evidence is that U.S. colleges suffer from three big deficiencies: They are too expensive, there is relatively little learning going on, and graduates often are “underemployed,” taking relatively low-skilled jobs traditionally mainly filled by high school graduates….
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