Full Description
Small colleges are a vital component of the United States higher education system. However, their unique characteristics are often overlooked in analyses that incorporate all colleges and universities. Many concepts familiar to economics professors but less familiar to more general audiences are helpful in understanding small colleges. These concepts include sophisticated ideas not typically covered in basic economics courses, such as regulatory capture, decision-making under uncertainty, and the logic of collective action. By combining economic theories with his own experiences leading small colleges, William T. Bogart provides a way for presidents, trustees, and other leaders of small colleges to more effectively help their institutions achieve their full potential.
Contents
Prologue: Becoming a President ix
1 Introduction 1
2 Make vs. Buy 13
3 Friends, Rivals, Neighbors, and Family
29
4 Portfolio 41
5 Making a Profit 53
6 One Semester Away from a Crisis 67
7 Secular Missionaries 83
8 Risk and Uncertainty 101
9 Herding 117
10 Regulation 129
11 Mergers, Consortia, Startups, and Closures 147
Further Reading 163
Acknowledgments
169
Notes 171
References 173
Index 000
