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Adam Smith Goes To College: An Economist Becomes An Academic Administrator, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] I have conducted research and taught classes on the economics of higher education for almost 20 years. I spent the last three years as a senior central administrator and executive officer of Cornell University. ... My experiences in this position opened my eyes to the use and uselessness of economic analysis in trying to help guide a major university and what I have learned is the focus of this essay. I begin by asking whether it is useful to view universities in a utility-maximizing framework, as I and others have done in the past. I show that the way …