Disinvestment is an empty moral gesture
Guest ContributorBy Uwe Reinhardt It is always to be welcomed when students give written or spoken expression to their moral sentiments on issues outside the University’s comfortable cocoon and debate these sentiments in a manner that befits a great university. At the same time, it is less heartening when these expressions lead to facile and morally empty policy recommendations for the operation of the University at large. From the viewpoint of an economist, for example, having the University’s investment arm, PRINCO, rid itself of the stock certificates on a set of companies whose role in Israel and the West Bank is deplored by the advocates of disinvestment strikes me as such an empty gesture. One certainly can debate this issue from a strictly partisan basis, favoring one side or the other, as different factions on this campus have amply done. One can also debate whether it is reasonable to force upon the University community a general policy on which that community is as sharply divided as it is on this issue.







