Education: Pool

If it is the barber who always needs a haircut and the tailor whose clothes never fit him, then it is the economics professor who makes unwise investments—at least he seldom causes a sensation by making brilliant ones. But the foolish economists of Columbia University will be benefited by a scheme projected there last week, a scheme that is probably unique among college faculties. Shrewd astronomers, canny classics scholars, practical esthetics lecturers— in fact, all Columbia's staff—were invited to pool their investments in a faculty fund to be handled by three trustees. The benefits...

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