Submitted by James Hoff on April 21, 2014 - 3:00am
Earlier this year the City University of New York Graduate Center’s interim president, Chase Robinson, pulled off what amounts to an academic coup by snatching world-renowned economist and New York Times columnist Paul Krugman from the ivy clutches of Princeton University, where he had been employed for the last 14 years. Krugman’s appointment as Distinguished Professor of Economics was a huge boon for the Luxembourg Inequality Study, which is housed at the Graduate Center, as well as the general reputation of the university at large. Though most members of the CUNY community were thrilled to hear of his employment, the recent release of Krugman’s appointment letter has caused controversy both within and outside CUNY, and raises some serious questions about academic competition and the role of the public university.
Thanks to the intrepid reporters at Gawker — which, shamefully, seems to be one of the only new media outlets that still knows how to successfully write a FOIA request — we now have the full timeline and details of Krugman’s negotiation and acceptance letter. The most controversial bit of information by far is the amount Krugman was offered. CUNY’s initial and final overture was a whopping $225,000 per year, to which Krugman responded with incredulity, declaring that the terms of the offer were “remarkably generous.” Krugman even said he had to read the letter “several times to be clear.” Indeed, the amount offered to Krugman was quite generous as it exceeds that of any other distinguished professor at the Graduate Center by at least $5,000, and in many cases upwards of $75,000.
Whether or not Krugman’s scholarship and teaching ability warrant such a superior salary is certainly worthy of debate, but the real issue for most commentators is not how much CUNY will pay Krugman, but how little they are asking him to do. CUNY is essentially offering him what used to be called a sinecure. Like ecclesiastical appointments “without the care of souls,” the terms of Krugman’s contract require him to do almost nothing his first year and then teach just one graduate seminar each year for as long as he would like to stay at CUNY. This required teaching in the second year is less than half of the usual course load for most distinguished professors at the Graduate Center, some of whom teach three classes per year and advise several dissertations at a time. Whether Krugman will advise or sit on any dissertation committees remains to be seen.
It is clear from his acceptance email however, that he is interested in doing as little work as possible: “My biggest concern is time, not money — and your description of the time commitment, one seminar per year plus public events and commitments to LIS [Luxembourg Inequality Study] (which I would want to do in any case) sounds as if it’s within the parameters I had in mind.”
So, in essence, for the first two years CUNY is paying Krugman $450,000 (plus $10,000 in travel and research costs each year, and a one-time relocations cost of $10,000) to teach one seminar and to participate in public events.
On the surface this seems like an outrageous expenditure, but there is an obvious market logic at work here. It is clear that CUNY and the Graduate Center are banking on the brand recognition that a figure like Krugman bestows upon a university. As a Facebook friend of mine succinctly put it, Krugman is essentially “stuntcasting for cash,” and one has to wonder how long before his name is plastered on subway ads promoting CUNY’s “best and brightest.”
Of course, such anger is only partially well-placed, since appointments like this are not unusual and there is a strong case to be made for the intellectual and social value of such positions. After all, the public should support scholars and research. Krugman’s presence will no doubt be of great benefit to the Luxembourg Inequality Study, and his talks are a valuable tool for educating the general public on questions of economic inequality, precarity, and privatization. But Krugman is not a young unaffiliated researcher and his work requires no special laboratories or equipment to perform. In other words, Krugman does not need a university affiliation to do the work he is already doing. In fact, Krugman, who has a current net worth of $2.5 million, whose books sell in the hundreds of thousands, and who is paid quite well by The New York Times, has no need for money to fund his continued research and public advocacy.
And herein lies the contradiction through which the problem is revealed. A longtime champion of public institutions as drivers of economic equality, Krugman is now essentially colluding with administrators to take on private academic institutions in what has become a vicious cycle of competition for academic prestige and the elusive donor dollars that may or may not come with it. The more that public institutions like CUNY try to keep up with the likes of Princeton and Harvard, the more they become victims of their own ambitions, forced as they are to keep throwing money away on projects that are designed almost exclusively to draw in more donors and tuition-paying students and that provide little in the way of value to university stakeholders.
Such wasteful and ill-conceived competition is a clear abandonment of CUNY’s founding mission to educate the children of the poor and working classes of New York City and represents a serious misapplication of priorities. At a time when tuition costs are skyrocketing and public higher education relies increasingly on underpaid adjuncts — teaching full course loads for near minimum wages without health insurance or job security — spending such huge amounts for celebrity appointments is not only fiscally unsound, but morally untenable.
Krugman is a remarkable intellect and an important voice for economic equality — and most of us at CUNY are glad to have him on board — but to take from a public institution on its knees when you already have so much is ungenerous and unkind. As he wrote about his appointment to CUNY in his New York Timesblog, “[I] like the idea of being associated with a great public university.” If this is true, I’d urge Krugman to quantify that esteem for CUNY by donating a significant portion of his earnings, say $100,000 a year, to a scholarship fund for students or the Professional Staff Congress welfare fund, which provides much-needed health care benefits and emergency assistance for CUNY adjuncts.
James Hoff teaches writing and literature in New York City. He received his Ph.D. from the City University of New York Graduate Center in 2012.
I recently went with a friend to an event at Columbia University, celebrating the 10th anniversary of the Ph.D. program in sustainable development. At the beginning of the event, the organizers screened a short clip with interviews of students and faculty in the program. One of the students said that one of the most amazing things about the program is that you read op-eds of great thinkers and practitioners, such as Jeffrey Sachs and Joseph Stiglitz, and then you see them in the halls and in class. I was completely in awe.
As a Hunter College student who came to this event with a copy of The Price of Inequality to have signed by Stiglitz (I already have a signed book by Jeffrey Sachs), I couldn’t grasp what it would be like to have such a well-known thinker as your professor. The next day, after finishing an econometrics exam, I saw that Paul Krugman has decided to move from Princeton University to the City University of New York’s Graduate Center. My first reaction, naturally on Facebook, was “This is epic!” It is epic, but not only for the students of CUNY. Paul Krugman’s decision should also start a discussion about inequality, prices of education, and the role of prominent scholars in this debate.
Krugman’s announcement came shortly after Cathy Davidson, a prominent English professor and expert on the digital humanities – and a scholar who frequently talks about the centrality of public higher education -- announced that she was moving from Duke University to CUNY’s Graduate Center.
Professor Krugman, is a New York Times columnist and a Nobel laureate in economics. He wrote in his New York Times blog that he is moving to work in CUNY’s Luxembourg Income Study Center because, “more and more of my work has focused on issues of income inequality, and nobody does more important work producing the hard data on which all of this work relies than the Luxembourg Income Study.” Professor Krugman sees CUNY and the Luxembourg Income Study as a natural continuation of his work. In addition, Krugman added, “I also, to be honest, like the idea of being associated with a great public university.”
Almost any intro-level economics class will start with the explanation that consumers and suppliers are both rational decision makers, working for their own self-interest. The assumption (or maybe the hope) is that when all actors work in their own-self interest, the “invisible hand” works so they are also serving the needs of the society at large. Krugman, in his self-interest, moved to CUNY, and in doing so bolsters a system of colleges and universities in which most of the students don’t have the resources to go to private universities where Nobel laureates roam the halls on a daily basis.
In his writings, Krugman has frequently discussed inequality and the importance of regulation on the market to reduce inequality. But what about the inequalities students face when they choose their university? I frequently hear great scholars praise public universities such as CUNY for allowing access to higher education to many New Yorkers who would not have otherwise been able to fund their education, but many of these scholars choose their intellectual homes to be the same private universities that cause most of their students to end their undergraduate education with huge levels of student debt. Elite private universities offer professors resources and name recognition, which can help them pursue their ambitions. Of course, private universities also on average pay much more than public universities, even top public universities.
This is a very mixed message. On one hand, these scholars say that the government should invest more in public institutions so more young people can get quality higher education. On the other hand, by choosing to work in private institutions they send the message that state universities are not good enough for them. Too many students at public universities, including those who are passionate about social equity and social good, dream about Ivy League graduate schools, or – for those seeking careers in academe – jobs at the kinds of places that Professors Krugman and Davidson are leaving. These universities are the homes of their intellectual heroes.
Those who wish to inspire will be much more effective if they also act as role models, like Krugman. Through his move to CUNY, Professor Krugman demonstrated he is willing to practice what he preaches, and is joining a university with top faculty and students.
As an international student from Israel who came to New York City with the hopes of earning a liberal arts education, I was extremely intimidated by the prices of many of the universities where I considered applying. Hunter College, as part of the CUNY system, offers affordable in-state and out-of-state tuition, which gave me the opportunity to pursue my academic ambitions. Before coming to Hunter, I completed national service in Israel as a medic, and I was sure that I wanted to be a doctor. However, at Hunter I was given the opportunity to explore other disciplines, and I discovered through inspirational professors that my true passion is economics and politics.
Currently, universities like CUNY are homes to amazing scholarship opportunities for both students and faculty, but the gap between the opportunities at public and private universities could be bridged if more distinguished scholars joined public institutions. I am not diminishing or dismissing the value of the amazing private institutions here in America, but just like minimizing the income gap would still leave some people wealthier than others, so too can this gap in education be minimized. I don’t expect Hunter College to compete with Harvard University in scholarly opportunities or in faculty pay, but having distinguished faculty such as Paul Krugman in a public institution lifts the level of attractiveness of affordable education.
Finally, on a personal note, Professor Krugman, thank you so much for coming to CUNY. I am a B.A./M.A. student in economics at Hunter, and I will come and knock on your door when I start looking for a thesis adviser. You will probably say no because it isn’t your job, but it won’t be the answer that is important. It will be the fact that at that moment I got an opportunity to approach you, at the graduate school of my university.