For-Profit Education: An Idea That Should be Put to Rest?

George M. Frankfurter
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George M. Frankfurter: Louisiana State University, USA

Chapter 6 in Theory and Reality in Financial Economics:Essays Toward a New Political Finance, 2007, pp 91-95 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractEdward Wyatt of the New York Times wire service recently quoted Michael Milken of the junk bond calamity fame. Milken was said to bully the president of Teachers College of Columbia University that Milken's Knowledge Universe, a for-profit educational enterprise, will "eat alive" the not-for-profit private institution. Milken? Wasn't he dying from prostate cancer just after he was sentenced in criminal court and facing suits amounting to $3 billion in civil courts? If he was, thank God he is recovering, at least to the point that he is able to turn his predatory talents towards education, the latest public good to be ripe for new age entrepreneurs…

Keywords: Financial Theory; Politics; Theory and Reality; Market Efficiency; Globalization; Neoclassical Dogma; Nefarious Deeds (search for similar items in EconPapers)
Date: 2007
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