Wow. I have been waiting for someone to write this article for a long time. Here is Mark C. Taylor's "End the University as We Know It", in which he compares the grad school model to Detroit.
Eek.
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I was interested in this article, too. A rebuttal was published in the Chronicle, and I'm not sure who I side with, but I thought it was worth linking to:
http://chronicle.com/review/brainstorm/index.php?id=1330
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