That's what I meant.  ;-)

>    The real problem with grade inflation is not the reduction in
> information that might be used by employers.  As with regular inflation,
> the real problem is that grade inflation is not uniform - some
> departments and some professors are more subject to inflation than
> others.  In particular, grade inflation tends to be much worse the
> softer the science: grades are almost always significantly higher in
> art, cultural anthropology, and english than in math, physics and
> economics, for example.  And within departments it is well known that
> some professors grade easier than others.
> 
>      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
> -- 
> Dr. Alexander Tabarrok
> Vice President and Director of Research
> The Independent Institute
> 100 Swan Way
> Oakland, CA, 94621-1428
> Tel. 510-632-1366, FAX: 510-568-6040
> Email: [EMAIL PROTECTED]
> 



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