Academia is a self-certified guild that is funded mainly by tax money. Each year, something in the range of $350 billion goes into higher education in the United States. This figure keeps rising. So, the stakes are high.
As with any guild, it must limit entry in order to preserve above-market salaries. It does so primarily by academic licensing.
The primary licensing restriction is university accreditation, which is a system run by half a dozen regional agencies. To get degree-granting status, a college or university must be certified by one of these agencies. They certify very few.
Tuesday, June 03, 2008
How Academic Guilds Police Higher Education
Gary North reports:
