academic economics

Doug Henwood dhenwood at panix.com
Tue Jun 19 12:47:47 PDT 2001


Michael Perelman wrote:


>The pay gap is widening in all respects. Bus/Science vs. the Humanities.
>Star professors vs. ordinary grunts.

I was just at the University of Illinois-Chicago. The estimable Stanley Fish was recruited at the price of $250k/yr to hire some stars. Walter Benn Michaels has been brought it at somewhat lower expense, partly paid out of an affirmative action fund.

The trustees, and apparently ultimately the legislature, has decided it wants to put UIC on the academic map. Can anyone explain the logic of this? Does it make economic sense, or is it mainly vanity?

Doug



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