Monday, April 26, 2010

Higher education thought for the day

"Universities are gigantic cross-subsidization schemes"

Roger Noll, at a recent seminar at UM's Kinesiology Department

1 comment:

Jason Kerwin said...

Noll taught the incredible class on the economics of public policy that I took as a senior at Stanford that convinced me to give up on physics and do economics instead. The class was full of clever insights like this one. One of the best teachers I've ever had.