“Barker’s background does not prepare him to navigate this tension. It predisposes him to resolve it in favor of the market—and to treat the casualties as acceptable losses.”
Dr. David R. Barker is an economist, wealthy real estate investor, and long-time Iowa Republican activist who currently serves as Assistant Secretary for Postsecondary Education at the U.S. Department of Education under President Donald Trump. A sixth-generation Iowan and former member of the Iowa Board of Regents, Barker previously worked as an economist at the Federal Reserve Bank of New York, taught economics and real estate at the University of Iowa and the University of Chicago, and now runs a real estate and finance firm that owns thousands of apartments and commercial properties across the Midwest.
In 2025, Barker was nominated and confirmed to oversee federal postsecondary policy, with a portfolio focused on “outcomes and accountability,” accreditation reform, student aid policy, and aligning federal grants with the administration’s ideological and fiscal priorities. His academic background—most notably his 1991 dissertation, Real Estate, Real Estate Investment Trust, and Closed End Fund Valuation—reveals a conceptual toolkit grounded in financial economics, asset valuation, property markets, and quantitative modeling. That training, reinforced by decades as a real estate investor and governance actor, shapes a distinctively market-oriented understanding of higher education—one that privileges measurable returns, financial discipline, and transactional accountability.
While these perspectives can contribute to cost control and fiscal stewardship, they also generate predictable and consequential blind spots when applied to institutions whose core purposes are epistemic, developmental, and democratic rather than market-optimizing.
Barker’s intellectual formation rests firmly within a positivist epistemological framework that treats value as something discoverable through quantification, comparability, and replicability. Real estate valuation depends on observable data—comparable sales, capitalization rates, discounted cash flows—to arrive at ostensibly objective measures of worth. Higher education, by contrast, encompasses vast domains of inquiry that resist quantification. The humanities and interpretive social sciences generate knowledge through close reading, archival reconstruction, ethnography, phenomenology, and critical theory—methods that foreground context, reflexivity, and meaning rather than numerical outputs.
An institutional ethnographer, for example, does not aim to optimize organizational efficiency but to understand how power, texts, and routines structure everyday academic life, often from the standpoint of marginalized actors. Such work deliberately rejects managerial abstraction in favor of situated understanding. From an asset-valuation perspective, this kind of scholarship appears unproductive, inefficient, or indulgent. Barker’s training offers little conceptual grounding for why a historian’s decade-long archival project on subaltern voices or a philosopher’s engagement with moral reasoning might be intrinsically valuable despite producing no immediate marketable deliverables.
This epistemological mismatch extends directly into student learning. Decades of higher education research conceptualize college as a developmental process encompassing cognitive complexity, identity formation, ethical reasoning, and critical consciousness. Theories such as Chickering’s vectors of identity development, Perry’s scheme of intellectual and ethical growth, and transformative learning theory emphasize qualitative shifts in how students interpret the world and their place within it.
Barker’s emphasis on return on investment and labor-market outcomes aligns instead with a human capital model that treats education as an economic input yielding wage premiums. This transactional framework struggles to accommodate the intrinsic, non-instrumental aims of liberal education—the cultivation of judgment, curiosity, civic responsibility, and reflective self-understanding. When learning is operationalized primarily through employment metrics, the deeper question of how students think, reason, and deliberate disappears from view.
Nowhere is the mismatch more consequential than in faculty governance and academic freedom. American higher education rests on shared governance, articulated in the AAUP’s 1966 Statement on Government of Colleges and Universities, which recognizes faculty as the primary stewards of curriculum, academic standards, and knowledge production.
Barker’s professional background emphasizes hierarchical authority, executive control, and fiduciary accountability—an orientation that mirrors corporate governance rather than collegial self-rule. His rhetoric echoes the managerial logic of the Jarratt Report era, which reimagined universities as corporate enterprises with academic units treated as cost centers. Barker has publicly described “battling a liberal university establishment,” mapping faculty political affiliations through voter registration data, closing departments, and curbing what he calls “indoctrination sessions.” These remarks reveal a view of faculty not as epistemic authorities but as politically suspect employees requiring surveillance and correction.
Applying asset-management logic to academic departments—judging their worth by enrollment figures or ideological balance rather than disciplinary contribution—misunderstands the distributed authority and intellectual autonomy on which academic quality depends.
Equally alien to financial logic are the tacit and relational dimensions of learning. Liberal education unfolds through mentorship, dialogue, sustained engagement with complexity, and the slow formation of intellectual dispositions. Its most profound effects often emerge years after graduation and cannot be pre-specified as metrics. Barker’s preference for standardizable outcomes and compliance-based accountability—reinforced by the Trump administration’s Compact for Academic Excellence—privileges what can be measured over what can be meaningfully understood.
The consequences are especially severe for community colleges and HBCUs. These institutions serve disproportionate numbers of low-income, first-generation, and historically marginalized students. Research consistently shows that equity gaps reflect structural inequalities in K–12 education, funding, and social stratification, not institutional inefficiency or lack of merit. Market-efficiency frameworks misread these realities, interpreting low completion rates as failure rather than as evidence of unmet structural obligations.
Saint Augustine’s University captured this tension in its response to Barker regarding the Compact for Academic Excellence, noting that restrictions on race-conscious policies conflict directly with HBCUs’ statutory mission under Title III of the Higher Education Act. Institutions designed to expand access cannot be evaluated using the same market metrics as selective research universities.
Barker’s antipathy toward critical pedagogy further reveals the limits of his framework. Educational traditions rooted in Paulo Freire, bell hooks, and Henry Giroux understand education as inherently political and aimed at developing critical consciousness and democratic agency. Barker’s efforts to eliminate diversity-related accreditation standards and suppress justice-oriented curricula position him in direct opposition to these traditions.
At stake are fundamentally different answers to the question of what education is for. Market logic prioritizes efficiency, credential exchange, and wage outcomes. Critical and liberal traditions prioritize human development, democratic participation, and knowledge for its own sake. Barker’s training provides no framework for adjudicating between these visions beyond market discipline.
The predictable consequences are already visible: epistemological narrowing, erosion of faculty autonomy, commodification of credentials, punitive accountability for equity-serving institutions, and deregulated accreditation that invites predatory actors. History shows that weakened oversight benefits for-profit extractive models, not students or the public good.
David R. Barker’s expertise equips him to manage balance sheets and assess asset performance. It does not equip him to steward institutions whose central purposes—knowledge creation, human development, and democratic citizenship—cannot be reduced to financial return. The conflict articulated by Saint Augustine’s University between equity mission and market mandate will define the next phase of federal postsecondary policy. Barker’s background does not prepare him to navigate that tension. It predisposes him to resolve it in favor of the market—and to treat the casualties as acceptable losses.
Sources
American Association of University Professors. Statement on Government of Colleges and Universities. 1966.
American Association of University Professors. 1940 Statement of Principles on Academic Freedom and Tenure, with 1970 Interpretive Comments.
Barker, David R. Real Estate, Real Estate Investment Trust, and Closed End Fund Valuation. Doctoral dissertation, University of Chicago, 1991.
Chickering, Arthur W., and Linda Reisser. Education and Identity. Second edition. Jossey-Bass, 1993.
Freire, Paulo. Pedagogy of the Oppressed. Continuum, 1970.
Giroux, Henry A. Neoliberalism’s War on Higher Education. Haymarket Books, 2014.
hooks, bell. Teaching to Transgress: Education as the Practice of Freedom. Routledge, 1994.
Jarratt, Alex. Report of the Steering Committee for Efficiency Studies in Universities. Committee of Vice-Chancellors and Principals, 1985.
Nelson, Cary. No University Is an Island: Saving Academic Freedom. New York University Press, 2010.
Perry, William G. Forms of Intellectual and Ethical Development in the College Years. Holt, Rinehart and Winston, 1970.
Scott, James C. Seeing Like a State: How Certain Schemes to Improve the Human Condition Have Failed. Yale University Press, 1998.
Slaughter, Sheila, and Gary Rhoades. Academic Capitalism and the New Economy. Johns Hopkins University Press, 2004.
Trow, Martin. “Problems in the Transition from Elite to Mass Higher Education.” OECD conference paper, 1973.
U.S. Department of Education. Compact for Academic Excellence. Trump administration policy framework, 2025.
U.S. Department of Education, Office of Postsecondary Education. Accreditation and State Authorization Regulations. Federal rulemakings and guidance, various years.
Yosso, Tara J. “Whose Culture Has Capital? A Critical Race Theory Discussion of Community Cultural Wealth.” Race Ethnicity and Education, 2005.
