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Books > Social sciences > Education > Organization & management of education
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Financing Higher Education - Answers from the UK (Paperback, New)
Loot Price: R2,167
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Financing Higher Education - Answers from the UK (Paperback, New)
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Higher education matters. No longer the exclusive province of a
small intellectual elite, it is a key element in national economic
performance. A modern economy needs a high-quality university
system, and needs to make it accessible to everyone who can
benefit. But mass higher education is expensive, and competes for
public funds with pensions and health care, to say nothing of
nursery education and schools. How to pay for higher education has
thus become a central issue.
This book tells the story of the UK debate, illustrating a head-on
collision between the economic imperatives of student loans and
regulated market forces and the political imperative of "free"
higher education. It also tells the story of the partnership of an
economist and a political professional. The first part of the book
contains selected writing from the late 1980s about two key
elements in the puzzle: the proper design of student loans (writing
which was picked up and promptly implemented in other countries),
and the roleof regulated market forces, an area which remains a
political minefield in most countries. The book traces those twin
elements through the 1990s and into the 2000s, culminating in
important - and perhaps path-breaking - legislation in 2004. Both
sets of policies are rooted in the economics of information, and
thus have technical roots not ideological ones. The only
ideological element (a major preoccupation of both authors) is to
widen access to higher education.
The book offers lessons both about policy design and about the
politics of reform of particular relevance to countries which have
not yet addressed the issue, including many OECD countries, the
more advanced post-communistreforming countries and, increasingly
to middle-income developing countries. More generally, the policies
are suitable for any country which has the administrative capacity
to collect income tax.
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