Tag: Prestige

The Krueger/Card Studies

Very sadly, Princeton labor economist Alan Krueger died by suicide last week.  Krueger was much-loved in the profession. He produced an enormous amount of work on the minimum wage and for a couple of years served as Chair of President Obama’s Council of Economic Advisers.  He also thought a lot about education and famously declared in one paper (co-authored with Stacy Dale) that the effects of attending an extremely selective university (i.e. one of the top Ivy League Schools) on

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Risk (Conclusion)

[the_ad id=”12142″] Just to recap the last few blogs: First, ensuring that institutions are managing risk is pretty much the most important responsibility Boards of Governors have. They need the tools to understand how it is being done and where things need to improve Second, the most important risk to any institution is prestige. Yet few institutions bother to think clearly about how they are viewed by their key constituencies and why, particularly when it comes to the quality of

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Risks (Operational)

Ok, so we’ve been through all the prestige/reputational risk stuff (here and here), and tomorrow we will deal with financial risk.  But today, there’s the issue of straight-up operational risk: that is, the possibility that an institution (or part thereof) might not be able to open tomorrow. The obvious risks here relate to disaster planning: fire, earthquakes, environmental protection, etc.  This is the stuff the insurance companies really care about and with justification: these can really affect property values.  But with modern construction

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Risk (Prestige)

For the next few days I want to take everyone through universities the way a Board of Governors sees them – or at least, the way a good governing Board should see them (some but not all of it applies to colleges as well; I’ll try to highlight both where possible), and that is through the lens of risk. It is the role of the Board of Governors (again, good ones) to ask the question, over and over, “what could go

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Universities and Competition (Neoliberalism Part 3)

One of the key accusations about universities and neoliberalism is that the system is too obsessed with competition.  On the face of it, this looks like the easiest argument to make about neoliberal universities: neoliberal thought does put a lot of emphasis on competition, and institutions do talk a lot about “competing” for students and staff and governments like the notion that institutions “compete” against one another.  Among faculty members, institutions “compete” for research funding; in some countries, they literally compete

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