The World's Smallest Violin

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Economics is a set of questions that have answers, and they have answers in the optimization sense. The social problem is how to choose institutions that allow us to reconcile the conflicting plans and purposes of all these myriad people in society. So if you put the hay out there, the goats will eat it. We can't solve it by saying, well, no, no, you all have to want the same thing. Butis the world's smallest violin between my index and making a really intresting italian gesture. It couldt be a, who knows what. I've sat downa thanks for that. Of course, i'm going to say economic should be different, and it

In this c750th (!) episode, Duke University's Michael Munger talks with EconTalk host Russ Roberts about whether the pandemic might create an opportunity for colleges and universities to experiment and innovate. Munger is Professor of Political Science, Economics and Public Policy at Duke. He believes "top" schools can emerge from the current period of uncertainty to thrive in the long run. The path for "second-tier" institutions could be more difficult. They will still face the challenges that existed before the pandemic: competition from online classes and a shrinking pool of new applicants ready to pay high tuition bills.