The Faculty Lounges: And Other Reasons Why You Won't Get the College Education You Pay For

College tuition has risen four times faster than the rate of inflation in the past two decades. While faculties like to blame the rising costs on fancy athletic buildings and bloated administrations, professors are hardly getting the short end of the stick. Spending on instruction has increased twenty-two percent over the past decade at private research universities.

Parents and taxpayers shouldn't get overheated about faculty salaries: tenure is where they should concentrate their anger. T...