The University of Missouri faces a
moral dilemma.
In 2002, the university received a $5 million bequest . . . to fund six professorships at the Trulaske College of Business to be filled by devotees of free market economics.
[The will included] a unique enforcement provision. Mizzou would be required to certify every four years to the satisfaction of Hillsdale College that each professorship had been filled by “a dedicated and articulate disciple of the Ludwig von Mises (Austrian) School of Economics.” The remaining funds would revert to Hillsdale in the event that this requirement was not met.
But the university obviously doesn't approve of Austrian economics. You might suppose, therefore, that its moral dilemma was whether it was justified in taking the money. Just kidding. Of course they took the money. The moral dilemma was their concern that "acceding to [the donor's] request would consign the school to being 'held hostage by a particular ideology.'" Ideology is wrong, at least when it's the wrong ideology. The university stands foursquare against it.
Unfortunately, the university was dumb enough to generate internal memoranda admitting that it was trying to circumvent the donor's intent, explaining that “the Austrian School of Economics is quite controversial ... [w]e didn’t want to wade into that controversy, so we focused on some Austrian tenets that are compatible with what we do in our business school.” That's pretty close to “a dedicated and articulate disciple of the Ludwig von Mises (Austrian) School of Economics,” right? Presumably they scrounged up a few guys who at least agreed with the Austrians on one or two basic economic principles on a good day when no pressing social justice issues intervened.
Somehow, this didn't satisfy Hillsdale College, which recently lost patience and filed a lawsuit arguing that no “disciple” of Austrian economics was ever hired, let alone a dedicated or articulate one. No doubt the university will give up now and hand the donation over to Hillsdale. Again, just kidding.