HIGHER EDUCATION BUBBLE UPDATE: Todd Zywicki on “Administrative Bloat At Universities.” Zywicki observes: “One intriguing element of this issue is that perceptions have yet to notice it. Many observers believe that the problem with higher education is that universities are basically run by its employees–the faculty–and that the faculty’s interests are not aligned with those of the students who they serve. But what Greene’s report hints at is a larger trend at work–more and more universities are run by their bureaucrats, not the faculty, and the incentives of bureaucrats are even more poorly aligned with student interests than the faculty.”