Doug French on the Higher Education Bubble

George Leef

Doug French, president of the Ludwig von Mises Institute, writes here about the higher education bubble, arguing in particular that much of the apparent increase in the “need” for people with college degrees was due to the growth of employment in government since 1990 and growth in the finance industry, fueled to a large extent by federal interventions to keep interest rates artificially low. French also disputes the notion, recently pushed by David Leonhardt of the New York Times, that college is a good investment even if you wind up washing dishes because you’ll enjoy an earnings boost.

  • Share

Most Commented

January 24, 2024

1.

After Claudine

The idea has caught on that the radical left overplayed its hand in DEI and is now vulnerable to those of us who seek major reforms. This is not, however, the first time that the a......

February 13, 2024

2.

The Great Academic Divorce with China

All signs show that American education is beginning a long and painful divorce with the People’s Republic of China. But will academia go through with it?...

October 31, 2023

3.

University of Washington Violated Non-Discrimination Policy, Internal Report Finds

A faculty hiring committee at the University of Washington “inappropriately considered candidates’ races when determining the order of offers,” provided “disparate op......

Most Read

May 15, 2015

1.

Where Did We Get the Idea That Only White People Can Be Racist?

A look at the double standard that has arisen regarding racism, illustrated recently by the reaction to a black professor's biased comments on Twitter....

October 12, 2010

2.

Ask a Scholar: What is the True Definition of Latino?

What does it mean to be Latino? Are only Latin American people Latino, or does the term apply to anyone whose language derived from Latin?...

July 8, 2011

3.

Ask a Scholar: What Is Structural-Functionalism, Conflict Theory and Symbolic Interactionism?

Professor Jonathan Imber clarifies concepts of sociologocal theory....