Hansmann, H. (2012). The evolving economic structure of higher education. The University of Chicago Law Review, 159-1... - 1 views

• 
  #1 wimichaeljsmith on 14 May 14

   

  Hansmann's article starts by questioning, "What kind of a good is higher education?". This is not a new line of questioning, but it's becoming more of an issue. The main points of the article are focused on addressing the economics of higher education by looking at the current landscape, how it came to be this way, and where it potentially is heading. Discussion surrounding the public versus private good contains the landmark Morrill Act of 1862 and the original G.I. Bill of Rights from 1944. These pieces of legislation have had far reaching impacts and implications over the economy of higher education up until this point. Presently, over 10 percent of higher education is made up of proprietary institutions, which in its nature is contradictory to previous beliefs, governance, and economic support. The article goes on to discuss the supply and demand of government subsidies to pay for higher education, and the disproportionate reliance on Title IV funding by proprietary institutions. Hansmann draws a comparison between the current state of higher education and health care. Specifically, through highlighting the growth of demand for public hospital care (Hill-Burton Grants) and the growth of proprietary hospitals.

   

  <div class="cArrow"> </div><div class="cContentInner">Hansmann's article starts by questioning, "What kind of a good is higher education?". This is not a new line of questioning, but it's becoming more of an issue. The main points of the article are focused on addressing the economics of higher education by looking at the current landscape, how it came to be this way, and where it potentially is heading. Discussion surrounding the public versus private good contains the landmark Morrill Act of 1862 and the original G.I. Bill of Rights from 1944. These pieces of legislation have had far reaching impacts and implications over the economy of higher education up until this point. Presently, over 10 percent of higher education is made up of proprietary institutions, which in its nature is contradictory to previous beliefs, governance, and economic support. The article goes on to discuss the supply and demand of government subsidies to pay for higher education, and the disproportionate reliance on Title IV funding by proprietary institutions. Hansmann draws a comparison between the current state of higher education and health care. Specifically, through highlighting the growth of demand for public hospital care (Hill-Burton Grants) and the growth of proprietary hospitals.</div>

  ...

  Cancel

To Top