From This Issue


Prospering in a New Age

By Anthony Knerr

As many commentators have observed, we are presently living through a period of significant transformational change, a paradigm shift the full dimensions of which are not yet evident. There can be no doubt that we are in the midst of…

The New Tech-Based Philanthropy

By Anne Nelson

Not so long ago, most major U.S. foundations fit the image of the giant East Coast foundation, rooted in fortunes made by titans of the manufacturing and extractive industries. For decades, the Ford, Carnegie and Rockefeller foundations carried out sweeping…

Strategic Finance For Higher Education: Understanding Academic Program Costs and Contributions

By John Braunstein & Adam Boyd

Unlike institutions of higher education, hospitals and health clinics have long understood the financial contributions of their various functional units: which paid for themselves, which required support, and which generated revenue above costs that could be used to subsidize other…


The Innovative University: Changing the DNA of Higher Education from the Inside Out

By Clayton Christensen and Henry Eyring
Reviewed By Daniel Goroff

When Derek Bok was president of Harvard University, he used to talk about what makes an institution great. In higher education, he said, it was not necessarily endowment balances, publication rates or other numerical data that rankers like to collect.…

The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home

By Dan Ariely
Reviewed By Lana Atanazevich

If we offered nonprofit CEOs and public policy officials the incentive of banker-sized bonuses, would it lead to a more vibrant, high-performing social sector? Wouldn’t it be nice if one could easily mobilize organizations’ constituencies behind the mission? Why is…

The Origin of Wealth: Complexity, and the Radical Remaking of Economics

By Eric D. Beinhocker
Reviewed By Stephen R. Reiner

In The Origin of Wealth, Eric D. Beinhocker discredits neoclassical economic theory, calling it inadequate to explain the most important characteristics of the development and workings of the economy. Beinhocker, the Executive Director of a new center supported by the…