February 11, 2000
A Tuition Freeze Accents the Cockeyed Economics of Higher Education
The recent decision by Williams College to freeze its tuition and fees for the 2000-1 academic year prompts reflection on the cockeyed economics of higher education -- and just how hard it is to do the right thing in our enterprise.
When a profit-making business cuts its prices, or holds them steady in the face of increases by competitors, the reason is usually to gain market share. When Northwest Airlines, for example, refuses to follow the price increases