Show biz is center stage next in our higher ed series: Two venerable private art schools in Boston’s Back Bay — Emerson College and the Berklee College of Music — are booming, if you can believe your eyes. Both have built major gleaming signature buildings close to downtown. Emerson has a satellite campus in Hollywood. Berklee is teaching in China and has a campus in Valencia. More students are chasing the dream and mastering a craft, under a load of debt, with maybe fewer job prospects. But where’s the line between chasing a dream and betting on a bubble?

Harvard’s Helen Vendler, the preeminent poetry critic, is pushing the arts, period. At Harvard and everywhere, she wants to advise admissions officers about the value of creative talent. Would T. S. Eliot, Buckminster Fuller, Matt Damon, and Adrienne Rich have a tough time getting into Harvard today, as in fact they did back in the day? Today, Vendler says, “We need to mute our praise for achievement and leadership at least to the extent that we utter equal praise for inner happiness, reflectiveness, and creativity; and we need to invent ways in which our humanities students are actively recruited for jobs suited to their talents and desires.”

Who’s dreaming here? There’s a reason so many students chase finance: it pays, and many young people leave school in serious debt. At what cost to the students? And to expressive arts? And to our national culture and our reputation?

This week our reading list takes the form of advice from the artists, and a provocative speech from our guest, Lee Pelton, “Can Higher Ed Save Itself?”

Below, Duke Ellington and Herb Pomeroy at Berklee College of Music in 1957.