Fred Foldvary wrote:
universities are maximizing something, but it's not clear what.
Could it be that such universities seek to maximize prestige, or academic
esteem? Thus, the original seed of
good and useful research grows into a tree where the fruit becomes an end in
itself and is
universities are maximizing something, but it's not clear what.
John Samples
Could it be that such universities seek to maximize prestige, or academic
esteem? In the academic culture, publishing in top journals generates
esteem, so that is what is sought. Secondarily, an academic reputation
I have taken the liberty of changing the subject line since the discussion seems to
have shifted.
Given that this is the Armchair list, what would economists make of an industry that
works like this:
A firm (the university) hires employees (professors) to make products (articles) that
