Abstract
Major problems face graduate-training institutions in the decade immediately ahead. These include a proliferation of competing programs, rapidly escalating costs, excessively high levels of tenured faculty, a shrinking pool of potential students, fewer employment opportunities for graduates, and overregulation of the educational enterprise by the federal government. A plea is made for more broadly focused programs, greater attention to the traditional base in liberal education, and more flexible training for a wider spectrum of career alternatives.

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