The impact of severe economic conditions is felt unevenly by different sectors of the national economy. Colleges and universities are affected in particular ways which can be measured by several recently-developed specialized indices. William G. Bowen, president of Princeton University, has evaluatedthe effect of inflation/recession on the budgets and character of academic institutions. what follows is an abridged version of a presentation by Dr. Bowen to the Regents of the University of the State of New York Eleventh Annual Trustees Conference, held in March 1975 in New York City.
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