"Higher education has always played a crucial role in maintaining elite status in American culture. Historically, it has also been a way for Americans to transform their social and class status, and public universities have been a major stepping stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower, finance is playing a central role in widening inequality both in American higher education and in American society at large. With federal and state funding falling short, the US ...
Read More
"Higher education has always played a crucial role in maintaining elite status in American culture. Historically, it has also been a way for Americans to transform their social and class status, and public universities have been a major stepping stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower, finance is playing a central role in widening inequality both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financial organizations which mediate them. At the same time, the nation's most exclusive colleges have embedded America's ascendant financiers in social networks, a common culture, and shared identities with the country's broader elite. Financiers leveraged these elite ties in pushing for policy and organizational changes that would lead to profits for the top 1% such as the expansion student loans, hedge funds marketed to college endowments, investor-owned for-profit colleges, and bond borrowing by not-for-profit universities. Beginning in the 1980s, government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street helped the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transformed for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities like the University of California system were squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these processes with rich history, interviews, and numbers, making clear for the first time just how tight the links are between big finance and America's highly unequal system of higher education"--
Read Less
Add this copy of Bankers in the Ivory Tower: the Troubling Rise of to cart. $34.04, good condition, Sold by Midtown Scholar Bookstore rated 5.0 out of 5 stars, ships from Harrisburg, PA, UNITED STATES, published 2022 by University of Chicago Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
HARDCOVER Good-Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name-GOOD Standard-sized.
Add this copy of Bankers in the Ivory Tower: the Troubling Rise of to cart. $34.05, fair condition, Sold by Midtown Scholar Bookstore rated 5.0 out of 5 stars, ships from Harrisburg, PA, UNITED STATES, published 2022 by University of Chicago Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fair. HARDCOVER Acceptable-This is a significantly damaged book. It should be considered a reading copy only. Please order this book only if you are interested in the content and not the condition. May be ex-library. Standard-sized.
Add this copy of Bankers in the Ivory Tower: The Troubling Rise of to cart. $34.62, like new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2022 by University of Chicago Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fine. Sewn binding. Cloth over boards. 232 p. Contains: Illustrations. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Bankers in the Ivory Tower: the Troubling Rise of to cart. $53.97, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2022 by University of Chicago Press.
