Preserving the quality of graduate education in the arts and sciences is seen as the most serious educational challenge facing American universities over the next decade. The quality of graduate education must improve, while the overall numbers of graduate students and Ph.D. programs must be reduced in an orderly way. (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…