>      The effect of this is to draw students away from math, science and
> economics and towards the softer social sciences.  Similarly, within
> departments students are drawn away from harder graders and towards
> softer graders.  Budgets go where students go!  Thus grade inflation
> causes a *misallocation of resources* (measured in student time or in
> budgets.)
> Alex

Alex, were you reading the New York Times this morning? Seriously,
how much misallocation is occuring? Why is better to have more math and
physics majors, and less English majors? Maybe this is in some sense
optimal. Why should people who can't do math clog up math classes?
English professors are cheaper and more numerous, so maybe lax grading
is a way of allowing people to get the degree while not burdening
the big money generators of the university.

Fabio 

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