Many professors and graduate students finishing their Ph.D.'s at the University of California at Berkeley scoffed at the idea of a post at a liberal-arts college. To them it was considered an acceptable choice only if none of the jobs at research universities came through. Liberal-arts colleges were viewed merely as teaching institutions and did…

This speech examines the paradoxical issue of why, while higher education is making great strides and contributions, it is also in great peril, particularly concerning resource allocation and the more effective utilization of those resources. Included as evidence of higher education's contributions are greater access, greater outcomes in terms of…