Professors as Independent Contractors

In my Pope Center Clarion Call today, I discuss the prospects for a return to professors teaching as independent contractors, as was the case centuries ago.

Adam Smith understood that professors' incentives align much better with student interests when they are paid directly by the students.  When they're paid by the college or university, their incentives incline them toward shirking as much as they can get away with.

Real competition in education will have huge implications.