Sure, I'd be good with that. I also think that if there are some things that are non-profitable but still valuable to society (and no doubt, there are), then the problem is really that the agent isn't capturing enough of the value they are creating for society, and society ought to find an incentive mechanism that changes that. But since we live in a practical world and that is an impractical demand, I agree a hybrid model would be beneficial
> Sure, I'd be good with that. I also think that if there are some things that are non-profitable but still valuable to society (and no doubt, there are), then the problem is really that the agent isn't capturing enough of the value they are creating for society
more likely (and IMO obviously, when you make this more concrete), educational institutions are overproducing the unprofitable degrees.
for instance, if some degree X is "unprofitable", do we really need to produce new PhDs in it at well above the replacement rate + population growth? that'd be maybe a handful of new PhDs per professor's _lifetime_. then maybe enough undergrads to ensure there's some competition for the PhD pipeline, and that should be about it.
Well, that's the problem with the status quo, that wouldn't be the problem if universities switched to an income sharing strategy as proposed. I was assuming we were talking about "unprofitable"-but-valuable majors in a world in which income sharing has been implemented
