Monday, August 15, 2011

Some Strings Attached

Here's an interesting article on the political trappings of financing economics education:

"If somebody says, 'We're willing to help support your students and faculty by giving you money, but we'd like you to read this book,' that doesn't strike me as a big sin," said Rasmussen of the BB&T arrangement, which the bank has with about 60 schools. "What is a big sin is saying that certain ideas cannot be discussed."

Nor does he fear that the agreements with Koch and BB&T will prompt future donors to demand control over hiring or curriculum.

Said Rasmussen, "I have no objections to people who want to help us fund excellence at our university. I'm happy to do it."

The article also has an interesting discussion of an agreement that allows the Koch foundation to sign off (or not) on new faculty in the Florida State University economics department (HT: Allison)

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