Among the many criticisms of our colleges is that they are wasteful because they aren’t run on business principles. No bottom line, so administrators squander resources on lots of non-educational nonsense.

There’s some truth in that, but in today’s Martin Center article, George Perry counters that colleges can become too much like businesses.

Since at least the early twentieth century, universities have flirted with America’s penchant for “running things like a business.” But like government, non-profits, and other non-businesses that try to be something they........

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