Word: economists
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Dates: during 1960-1969
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...Classes. Finding the needed $6.2 billion might well begin with revamping antiquated college management, which Ford Foundation Economist Philip H. Coombs calls "a relatively primitive art, even in institutions that offer a Ph.D. in accounting." Waste of facilities is all too common. Coombs cites one survey of more than 100 schools: "On the basis of a 44-hour week, the institutions used their available classrooms at only 46% of capacity . . . their laboratories at only 38% of capacity." If they go on this way, the schools will need more tuition dollars for expansion, leaving less for salaries...
Another "scandal," says Harvard Economist Seymour E. Harris, is proliferation of college courses. By his count, undergraduate courses at eleven top institutions have jumped from 12,000 to 39,000 in the past 55 years. Result: too many small classes. And a "high-quality" school that maintains an extra-low teacher-student ratio may be fooling itself: when it has more teachers than it can pay adequately, their performance suffers. By increasing the ratio, says the report, "most colleges can ease their financial problems very substantially without reducing the quality of their instruction...