Sunday, March 31, 2013

Tenure as sunk costs

After writing about sunk costs, I stumbled upon the best possible example of a disruptive innovation for higher education: abolishing tenure.  The merits of tenure are fodder for many a heated discussion, but the sheer mechanics of unwinding a tenure-based system are likely to keep many universities from seeing with a clear eye.

There is probably no better example of sunk costs.

Serendipity lives.

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