I read Daniel’s LIBOR for the universities? with great interest, not least because I think the central thesis…
Bankers have had their day under scrutiny. But so have Members of Parliament (expenses scandal). So have journalists (phone hacking). So has the Church (paedophilia cover-ups). So has the BBC (ditto). This isn’t a specific issue about financial sector corruption. It’s a general trend, one of gradual social re-assessment of whether the fiddles and skeletons of the past are going to be tolerated in the future.
…is spot on, even translating it across the Atlantic.
However, I think his LIBOR comparison is a bit too literal, his scandals in potentia all hinging on system-gaming. In the U.S., kiting of research assessment and post-grad employment is small beer. Senior faculty claiming authorship is already regarded as a personal rather than systemic crime. U.S. New and World Report is simply making the previously tacit prestige ranking visible to the public. (I forget if it was Billy the Kid or Sun Yat-sen who said that academic politics is so vicious because the stakes are so low, but they both had a point.)
Nevertheless, I think there is a scandal brewing, though, like all academic change, it is moving slowly. That scandal is tied to growing realization that professors do far less teaching than the average citizen imagines.
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