Making a Profit Doesn't Make You a Villain

George Leef

In today's Pope Center Clarion Call, Hillsdale economics professor Gary Wolfram discusses the recent study on for-profit higher education published by the Center for College Affordability and Productivity. He finds that the authors have correctly identified the factor that makes the for-profits efficient, namely that their incentives are aligned with the interests of students. Being "non-profit" may sound lovely to those who have been raised with what Ludwig von Mises called the anticapitalist mentality, but non-profit status doesn't mean that self-interest disappears. The quest for profit drives all kinds of businesses, including educational ones, to make the best use of resources.

  • Share

Most Commented

March 23, 2011


Looking for Answers? Ask a Scholar!

NAS is partnering with Intellectual Takeout to answer questions that call for scholarly judgment and can't be answered by Wikipedia. ...

September 5, 2014


Post Traumatic Slave Syndrome

"[PTSS] provides an evidence-proof explanation that lifts away moral responsibility from those engaged in self-destructive, anti-social, and criminal behavior."...

September 21, 2010


Ask a Scholar: What Does YHWH Elohim Mean?

A reader asks, "If Elohim refers to multiple 'gods,' then Yhwh Elohim really means Lord of Gods...the one of many, right?" A Hebrew expert answers....

Most Read