Comments on: OPEC in Regalia http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/ The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek Thu, 08 Jan 2009 19:20:27 +0000 http://wordpress.org/?v=2.3.3 By: Patrick Carter http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-934 Patrick Carter Wed, 17 Sep 2008 02:56:55 +0000 http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-934 It could be that those who decide where the funding goes are or once were those who benefited from funding for research. Its the status quo, they once did or do benefit from it, so they continue the policy. I'm really ignorant as to how that money is actually allocated or how that system works though, so I can't really form an opinion. A graduate program operating only on the research of students...that would really be something. I doubt that professors would ever, ever go for it though (it kind of makes them seem unnecessary, and would probably lower their paycheck) It could be that those who decide where the funding goes are or once were those who benefited from funding for research. Its the status quo, they once did or do benefit from it, so they continue the policy. I’m really ignorant as to how that money is actually allocated or how that system works though, so I can’t really form an opinion.

A graduate program operating only on the research of students…that would really be something. I doubt that professors would ever, ever go for it though (it kind of makes them seem unnecessary, and would probably lower their paycheck)

]]> By: The $7,376 University Redux | The Unbroken Window http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-906 The $7,376 University Redux | The Unbroken Window Tue, 16 Sep 2008 10:16:52 +0000 http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-906 [...] Comments « OPEC in Regalia [...] […] Comments « OPEC in Regalia […]

]]> By: Michael http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-905 Michael Mon, 15 Sep 2008 19:23:30 +0000 http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-905 "Throw in the fact that at large universities the undergraduates heavily subsidize the graduate programs..." Right now I kinda enjoy that fact. It definately isn't fair, though. But I do wonder how much of my funding is actually generate from my research (I think about none) or the research of my advisors. Would it be possible to have a graduate program operating solely off of the research of the students? “Throw in the fact that at large universities the undergraduates heavily subsidize the graduate programs…”
Right now I kinda enjoy that fact. It definately isn’t fair, though. But I do wonder how much of my funding is actually generate from my research (I think about none) or the research of my advisors. Would it be possible to have a graduate program operating solely off of the research of the students?

]]> By: Patrick Carter http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-902 Patrick Carter Mon, 15 Sep 2008 16:56:54 +0000 http://theunbrokenwindow.com/2008/09/15/opec-in-regalia/#comment-902 I thought this was interesting and related: http://query.nytimes.com/gst/fullpage.html?res=9C0DE3DD1239F934A25752C1A963958260 This is back in 1995, the UofR was in the New York Times for increasing spending per student (which they apparently payed for by reducing the number of faculty). Back then it costed a student $25,460 a year for tuition, room, board, etc. That seems very small today, as now it is over twice that amount, but the article (on the second page) is making the point that this was very expensive! Its kind of ironic that we are paying more then ever for college educations at the same time as this guy is showing that it is unnecessary. What do you think would happen if they made 'extra' costs optional (for example if you want to play football you have to play some percentage of the costs of football equipment, repairs on the stadium, etc.) I think it would be more fair to the body of the school that doesn't play football, but a policy like that would seriously discourage anyone from playing sports as the costs would be astronomical. Then again, I have to wonder how much I myself am shelling out each year for sports and activities I am not involved in. I thought this was interesting and related:

http://query.nytimes.com/gst/fullpage.html?res=9C0DE3DD1239F934A25752C1A963958260

This is back in 1995, the UofR was in the New York Times for increasing spending per student (which they apparently payed for by reducing the number of faculty). Back then it costed a student $25,460 a year for tuition, room, board, etc. That seems very small today, as now it is over twice that amount, but the article (on the second page) is making the point that this was very expensive! Its kind of ironic that we are paying more then ever for college educations at the same time as this guy is showing that it is unnecessary. What do you think would happen if they made ‘extra’ costs optional (for example if you want to play football you have to play some percentage of the costs of football equipment, repairs on the stadium, etc.) I think it would be more fair to the body of the school that doesn’t play football, but a policy like that would seriously discourage anyone from playing sports as the costs would be astronomical. Then again, I have to wonder how much I myself am shelling out each year for sports and activities I am not involved in.

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