Higher education in America Posted in: Opinions MINORITY VIEW Distinguished Professor Emeritus of Economics at Ohio University Richard Vedder’s new book, “Restoring the Promise,” published by the Independent Institute based in Oakland, Calif., is about the crisis in higher education. He summarizes the three major problems faced by America’s colleges and universities. First, our universities “are vastly too expensive,PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!