Word: good
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Dates: during 1980-1989
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...Harvard English professor Warner Berthoff dedicated a book on American literary criticism to "the good old causes: liberalism and democracy." An interesting choice of words, for none have fought for liberalism more staunchly than America's universities...
...wait. The term "unethical bidding war"--really the crux of the public-good argument--deserves a strong airing out. First assume its validity. How does the protection of undergraduate financial aid justify the possibility that schools collude in setting faculty labor costs together, a separate issue involving separate individuals? Can we contradict collusion charges when the most expensive schools jointly hike costs faster than inflation? Further, how can it be ethical to set a common price--the Ivy League schools with the exception of Cornell all cost between $19,000 and $19,500--when housing costs, facilities costs and research...
...Justice Department has launched an inquiry at Harvard and more than 60 other colleges and universities nationwide that recasts the battle over the "good old causes." Namely, the government is investigating whether the schools--which include the most prestigious in the country--illegally colluded in business arrangements to set tuitions, salaries and undergraduate financial aid that violate anti-trust laws...
...comment say such practices are done publicly with the assumption that agreements avoid "unethical bidding wars" for top students. They argue that the schools thus can spread around financial aid money to the most needy, mitigate the factor of money in obtaining higher education and hence serve the public good...
...Obviously education holds a special place in American society, and the pursuit of knowledge essential to a democracy has no readily tangible--or easily comparable--costs. Thus, investigated university officials say that "cooperation" in financial matters befits their high-minded enterprise, and further serves the overall public good of maintaining access to education independent of cost...