A report examining the conditions facing Williams College in the 1980s is excerpted. The committee was to emphasize strategies to serve two major institutional goals: maintaining a large pool of well-qualified applicants, and maintaining a faculty that is talented, well compensated and professionally committed. (MLW)

Given the enormous public and private investment required to produce physicians and scientists, higher education can not dismiss reports that it produces too many MDs and PhDs. Universities can help by assuring students have timely information about employment prospects. Further research is needed on recent graduates' career paths, foreign medical…