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College and University Discussion
Reply to "40% of Williams' classes are athletic recruits"
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[quote=Anonymous][quote=Anonymous]What's wrong with absolute parity with the athletes?[/quote] Because alumns don't donate as much when an oboe soloist blows it out of the park. The market sometimes works in ways we wish it didn't. Yes, we all get indignant when Fuddruckers moves into the space that had been occupied by that cute little bistro, but we all realize that Fuddruckers and not the bistro will generate the volume to pay the rent, because lots of people have different taste from us. As a liberal I sometimes wish it weren't so, but as an economist I understand why it is so. Same goes for what spurs alum donations, and while you may think the alums have their priorities wrong, several PPs have pointed out to you that the whole college benefits from alum donations. [/quote]
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