Susan Carey, chairwoman of Harvard's psychology department. "There was a lot of fat." Her department cut 15 percent of its own spending this year "almost without even noticing," she says.Arnold Kling
One way to quickly improve any university would be to eliminate the bottom 25 percent of teachers and replace them with online instruction from outside the university. Maybe online instructors cannot compete with high-quality in-person professors, but they can certainly replace the worst.Apparently we still need lots of MBA’s to go into finance.