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To put this in a historical perspective, Adam Smith's bitter comments on the fate of the academic still make sense today: "But the usual reward of the eminent
by waldrews 18y ago
To put this in a historical perspective, Adam Smith's bitter comments on the fate of the academic still make sense today:
"But the usual reward of the eminent teacher bears no proportion to that of the lawyer or physician; because the trade of the one is crowded with indigent people who have been brought up to it at the public expence; whereas those of the other two are incumbered with very few who have not been educated at their own."
There's more at http://www.econlib.org/LIBRARY/Smith/smWN4.html http://www.econlib.org/LIBRARY/Smith/smWN4.html