This document presents four essays that offer a case against replacing New York University's present system of governance and decisionmaking on both economic and professional matters with formal collective bargaining under federal law. The first essay presents an overview of the issues in the collective bargaining election. The second essay addresses the economic issues in the election: the effect, if any, of the institution of collective bargaining on salaries, fringe benefits, and "working conditions." The third essay concerns the role of the faculty and librarian in decisionmaking at the university and how this role might be affected by formal collective bargaining. Finally, the fourth essay reviews the previous essays and responds to arguments in favor of collective bargaining. (Author/MJM)