A Critique of Richard Vedder’s Recommendations for Higher Education, Made in Response to President Obama’s Recent Proposals

ACADEME BLOG

Part 3: Reduce the Cost of a Degree by 40% by Reducing Labor and Capital Costs.

[Explanatory lead to the first post in this series: Richard Vedder is distinguished professor of economics at Ohio University, director of the Center for College Affordability and Productivity, and an adjunct scholar at the American Enterprise Institute. In an earlier post, I pointed out, as others have, that he is hardly an unbiased or objective commentator on the state of higher education because his connection to the conservative American Enterprise Institute has come with a $150,000 annual stipend.

Nonetheless, as the author of Going Broke by Degree: Why College Costs Too Much, he was asked by CNN to comment on President Obama’s recent proposals on higher education [The article is available at: http://www.cnn.com/2013/08/23/opinion/vedder-college-costs]. Vedder took the opportunity to restate four of his own recommendations for making higher education more affordable.]

First…

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