Tag: institutional autonomy

Here’s a serious question: are universities too big to fail?  And if so, what are the consequences of that? If we had a fully public system, with tight government oversight on budgets, and no deficit spending – sort of like what much of continental Europe has – this wouldn’t be an issue.  By definition, public institutions couldn’t fail (though presumably a government would be free to close an institution should it wish to do so).   But the existence of institutional