Education: Impoverishment by Riches

THE UNIVERSITIES & FEDERAL MONEY THIS year the U.S. Government will spend nearly $1 billion on research and development in universities and related laboratories—about 70 times as much as it spent in 1940. The federal research funds provide the schools with roughly one-quarter of their total operating income and more than two-thirds of their research budget. The effects of this flood of money— the biggest influence on U.S. campuses in this century—are now being debated across the country: Is the easy wealth distorting the entire spirit and purpose of U.S. universities?...

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