Librarian View

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|a 9780226720562
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|a 10.7208/chicago/9780226720562 |2 doi
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|a (DE-B1597)611945
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|a (DE-B1597)9780226720562
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|a DE-B1597 |b eng |c DE-B1597 |e rda
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|a eng
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|a ilu |c US-IL
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|a LB2342 |b .E19 2022
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|a LB2342 |b .E19 2022
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|a Eaton, Charlie, |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut
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|a Bankers in the Ivory Tower : |b The Troubling Rise of Financiers in US Higher Education / |c Charlie Eaton.
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|a Chicago : |b University of Chicago Press, |c [2022]
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|c ©2022
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|a 1 online resource (240 p.) : |b 20 halftones, 2 tables
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|a text |b txt |2 rdacontent
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|a computer |b c |2 rdamedia
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|a online resource |b cr |2 rdacarrier
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|a text file |b PDF |2 rda
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|t Frontmatter -- |t Contents -- |t Acknowledgments -- |t 1. Universities and the Social Circuitry of Finance -- |t 2. Our New Financial Oligarchy -- |t 3. Bankers to the Rescue: The Political Turn to Student Debt -- |t 4. The Top: How Universities Became Hedge Funds -- |t 5. The Bottom: A Wall Street Takeover of For- Profit Colleges -- |t 6. The Middle: A Hidden Squeeze on Public Universities -- |t 7. Reimagining (Higher Education) Finance from Below -- |t Methodological Appendix: A Comparative, Qualitative, and Quantitative Study of Elites -- |t Notes -- |t References -- |t Index
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|a Access restricted by licensing agreement.
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|a Exposes the intimate relationship between big finance and higher education inequality in America. Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower, finance has played a central role in the widening inequality in recent decades, 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 financiers that mediate them. Beginning in the 1980s, the 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 help 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 transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America's unequal system of higher education.
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|a In English.
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|a Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)
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|a Access is available to the Yale community.
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|a Capitalists and financiers |z United States.
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|a Education, Higher |x Economic aspects |z United States.
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|a Education, Higher |x Finance |x Social aspects |z United States.
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|a Education, Higher |z United States |x Finance.
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|a Elite (Social sciences) |z United States.
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|a student debt, private equity, hedge fund, endowments, universities, higher education, Wall Street, for-profit colleges, elites, financial markets.
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|a De Gruyter University Press eBook pilot project 2021.
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|b yulintx |h None |z Online resource
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|z Online resource
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|y Online book |u https://yale.idm.oclc.org/login?URL=https://www.degruyter.com/isbn/9780226720562
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|a LB2342
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|a Yale Internet Resource |b Yale Internet Resource >> None|DELIM|16143454
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|a online resource
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|a 2022-04-19T16:08:11.000Z
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|a DO NOT EDIT. DO NOT EXPORT.
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|a https://www.degruyter.com/isbn/9780226720562