Harvard has fallen on hard times. Consensus has it that it is no longer the world’s best university; Cambridge is. It no longer has the best law school; Yale does. It no longer has the best economics department; Chicago and MIT do. It no longer has the most Nobel Laureates affiliated with it; Columbia, Cambridge and Chicago are ahead of it. Harvard has fallen badly behind its reputation and it is now too much coasting on that reputation. It is able to recruit a very capable student body, but it does too little with and for it, particularly say in comparison to the University of Chicago, which incidentally, but not surprisingly, requires much more work from its students.