September 05, 2006
William Chace on College Costs

Chace, the former president of Emory and Wesleyan, offers his thoughts on college costs in today's NYT. Perhaps surprisingly, some of this thoughts (e.g., on colleges spending on lots of amenities like posh residences) are similar to those expressed by Vedder in the Fox special.

HT: Louis Louis

Posted by E. Frank Stephenson at 09:15 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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