Faculty: Transient Loyalty

In an unusually candid annual report, John W. Nason, president of Carleton College, discusses the long-term side effects of the "teachers' market," the shortage of topflight faculty that has increasingly bedeviled his excellent liberal arts school in Northfield, Minn., as well as other colleges and universities throughout the U.S.

Carleton's president welcomes the greater rewards of cash and kudos that have accrued to the profession. "What disturbs me," he says, "is that with colleges, universities, government and industry all competing for the services of faculty, there has developed a pattern of relatively...

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