Nicholas Capaldi is Emeritus Legendre-Soulé Distinguished Chair in Business Ethics at Loyola University New Orleans. He is the author of the Cambridge intellectual biography John Stuart Mill. His most recent book is The Anglo-American Conception of the Rule of Law. His latest venture is the founding of Invisible College (invscollege.org) to promote conversation about important books and articles.
A popular joke amongst recent college grads runs as follows: An engineering graduate asks, “How does that work?” A business accountant graduate asks, “How much does that cost? A liberal arts graduate asks, “You want fries with that?” Such a joke reflects the flooded nature of the college degree market. When 2 percent of the
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