A review of Cracks in the Ivory Tower: The Moral Mess of Higher Education, by Jason Brennan and Phillip Magness.

There is a field of economics called Public Choice Theory (PCT) whose best-known advocates are James Buchanan and Gordon Tullock. Public Choice aims to show how the incentives to which bureaucrats are subject, the things that their status, perks, and salaries really depend on, frequently push them in directions incompatible with their assigned mission. PCT highlights the purely economic forces that often underlie apparently moral decisions.

Cracks in the Ivory Tower (CIT) is in the PCT tradition. The two authors are economists and philosophers. They ask tough questions about higher education as a business and a bureaucracy. They point out that the misalignment of actual incentives with stated goals also poses moral problems…more