Tenure in a Nutshell

Imagine a setting where you care about performance (e.g. a professional football team, or a currency trader). You wouldn't think of granting tenure. So why do it in academics?

~ Steven Levitt

"Lifetime drycleaning"?  "Permanent tax advisor"?  When an academic starts pushing the tenure model for anywhere outside academia, I will find their defense of its use in academia more convincing.

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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