Robert Day has just pledged $200 million to support economics and public policy at Claremont-McKenna College.
Addendum: The L.A. Times reports:
However, the gift has triggered debate on the 50-acre campus in
Claremont. Some professors, while recognizing the generosity, said they
worried that the money could tilt the college too much toward economics
and financial studies. A letter to Gann, drafted by literature
department chairman Robert Faggen and signed by other literature
professors, said they are concerned that the gift will "distort the
college into a single focus trade school."
Wunderkind Ben Casnocha will be offering further reports.
CMC got a $20 million donation earlier this month. I think those two are the equivalent of full tuition for every student for four years. Not a bad month of fundraising.
It *may* turn Claremont into an American INSEAD.
Claremont Port Side has a better article:
http://claremontportside.com/index.php?/Campus/Campus/CMC-A-Graduate-School.html
Sounds like $200 million to promote Chicago school libertarianism. Better things to do with the money.
the moronic response from the lit dept confirms the uselessness of the the lit dept (i was an english major). ummmmmmm, more money is bad? because your precious little fiefdom may become less important? and, as already pointed out, more money for one dept is effectively more money for the others, even if it can’t be shared.
M. Hodak, I’ve had the same thoughts on the matter too.
A lot of the funding to higher ed. stems from wealthy alumni. These alumni are likely to be biased on what their former school can do with the money.
On the other hand, k-12 receive a fraction of the support from rich alumni than higher institutions receive.
Didn’t Tyler recently point to evidence suggesting the crucial importance of education up to the age of 20 on future earning potential?
A fascinating question is why college administrations, like Professor Gann’s at CMC, seldom have to pay a price for grotesque scandals, such as the 2004 incident where a CMC professor trashed her own car with racist grafitti, then accused her own white male students of doing it. The Claremont administration new the next day that it was all a hoax perpetrated by their own faculty member, but they still went ahead with a giant night rally of blackshirted students proclaiming their hatred of hate.
http://www.isteve.com/Hate_Hoax.htm
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