Michael Munger on the Future of Higher Education

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4.7 • 4.4K Ratings

🗓️ 17 August 2020

⏱️ 68 minutes

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Summary

In this 750th (!) episode, Duke University's Michael Munger talks with EconTalk host Russ Roberts about whether the pandemic might create an opportunity for colleges and universities to experiment and innovate. Munger is Professor of Political Science, Economics and Public Policy at Duke. He believes "top" schools can emerge from the current period of uncertainty to thrive in the long run. The path for "second-tier" institutions could be more difficult. They will still face the challenges that existed before the pandemic: competition from online classes and a shrinking pool of new applicants ready to pay high tuition bills.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.0	Our website is econtalk.org, where you can subscribe, comment on this podcast,
0:17.0	and find links and other information related to today's conversation.
0:21.0	We'll also find our archives where you can listen to every episode we've ever done going back to 2006.
0:27.0	Our email address is mailadycontalk.org. We'd love to hear from you.
0:34.0	Today is July 6, 2020, and my guest is economist, political theorist and author, Michael Munger of Duke University.
0:43.0	I want to thank Plantronics for supplying the Blackwater 5220 headset for today's guest.
0:49.0	Mike was last here on the program in February of 2019 discussing crony capitalism.
0:55.0	If I have counted correctly, this is his 37th appearance on econ talk, which is, of course,
1:01.0	the career record for most appearances by a guest.
1:04.0	A record like, I would, you could pick a lot of them, but I'm going with,
1:08.0	Sia Young's career victories, five, 511 record that'll never be broken.
1:15.0	You could go with Cow Ripkins' consecutive game streak.
1:18.0	A lot of people think that's never be broken, but I think the 511 is safe.
1:23.0	As is the Mike Munger 37 appearances, even if he never appears again, which would be an outrage, he will appear again.
1:29.0	I hope and suspect.
1:31.0	This is also the 750th episode of econ talk, which we started back in 2006, which boggles my mind.
1:41.0	Mike, welcome back to econ talk.
1:43.0	It is a pleasure to be back on econ talk, and it is an honor to be the 750th show.
1:50.0	When you first started this in 2006, I, well, there's a number of things I wouldn't have predicted, but that's one.
1:56.0	Yes, for sure.
	...

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