Why Support Higher Education?

…”flagship” colleges are not a local public good… I’ve long been puzzled by state support for elite universities. In contrast, I’ve long been puzzled by the lack of state support for community colleges. So what’s the puzzle? To make sense to an economist, states should support goods and services that private markets don’t […]

The End of the University of … [insert your state]

The Washington Post reported [here, Dec 14th] on the budgetary crunch at Berkeley, amidst a claimed more general trend towards less state support for higher education. As an economist, I wonder why this trimming of support took so long – not because it’s laudable, but rather because it is what basic economics permits. […]