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<p>The reason the professors are at Princeton is because Princeton pays more. Usually a state legislature isn’t willing to pay salaries that compete with private colleges.</p>
<p>I have been thinking about this topic since dstark brought it up before. Professors usually follow the money. In the 80s University of Texas Austin hired some very big names away from the HYPwhatever. This was really big news at the time and it changed the status of the university.</p>