Friday, October 29, 2010
Putting a Price on Professors - WSJ.com
WallStreetJournal.com: "A 265-page spreadsheet, released last month by the chancellor of the Texas A&M University system, amounted to a profit-and-loss statement for each faculty member, weighing annual salary against students taught, tuition generated, and research grants obtained.
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As someone from New Jersey, where our public education funding has had an ice pick taken to it, the issue of "school productivity" is one near to my heart. By which I mean that I find it utterly absurd. How can an educational institution be given a quality assessment based on it's "efficiency?" Yes, a student who has taken a basic course will be able to function in the real world, generally. But that doesn't mean that the advanced course isn't worth the extra money. Education isn't only for gaining real world skills. If schools aren't given the ability to spend their money how they believe is best, then how can the education system advance. That being said, however, I do agree that universities need to be held more accountable for the exorbitant prices that they charge for an education that doesn't always produce results. So, while the idea of teacher productivity spread sheets is appalling, schools also shouldn't be allowed to charge so much for education.
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