mr. magness when you do for a living? >> i am an economist at the american institute for economic research. >> have you been in academia before? >> i have it. spent about ten years teaching college american university and very college all over the united states but. >> what was your experience like? >> it was an interesting environment to put it mildly. many good positive things came out of it both in terms of college i work with and the research that i did. i also got to see the inside behind the scenes of what happens in the way a university runs. >> and what did you find? >> my immediate take on it is, if we judged a university just as a normal business operation there are things that happen in universities that would make things like enron look ethical by comparison. >> give us an example. >> the first thing is the weight universities and market themselves through students. if you go to any university they have literature they present themselves as you are going to get a world-class education and open up all sorts of

mr. magness, what doin you do for a living?t: i am an economist at the american institute for economic research. >> host: have you been in academia before? >> guest: i have. i spentnt about ten years teachg college at george mason

mr. magness, what do you do for a living? >> i am an economist at the american institute for economic research. >> have you been in academia before? >> i have. i spent about 10 years teaching college at george mason university, american university, and barry college, all over the united states. >> and what is your experience like? >> well, it was an interesting environment to put it mildliment many good positive things came out of it in terms of colleagues that i worked with and the research that i did and a look inside at behind the scenes that happens in the way that a university learns. >> and what did you find? >> well, my immediate take it, and just an institution, looking at enron in comparison. >> give us an example. >> the way that universities market themselves to america, you go to any university, glossy literature, you're going to get a first class education and high and mighty things that every student is going to get, but when you look at the results of what's coming out of the university system, it's at the rang

mr. magness, what do you do for a living? >> i am an economist at the american institute for economic research. >> have you been in academia before? >> i have. i spent about 10 years teaching college at george mason university, american universi,

mr. magness when you do for a living? >> i am an economist at the american institute for economic research.