Morgan Brown has an interesting article on why professors are anti-capitalist. He traces it to the fact that universities are set up as guilds. The systemic resource of education is credits. When the educational institutions are the credit-granting institutions, we end up with a guild. Thus, we need a separate credit-granting institutions in their own spontaneous order -- much in the same way we have banks participating in the monetary order, separate from the stores we shop at. By doing so, by separating the systemic resource from the educational institutions, we would have the conditions for a true market-style educational system.
Tuesday, January 10, 2012
Posted by Troy Camplin at 11:03 AM