The Broken University: What is Seen and What is Not Seen in the UK Higher Education Sector

6 Pages Posted: 18 Oct 2010

Abstract

Frederic Bastiat and others have previously argued that one of the key differences between a good and a bad economist is whether they are prepared to take into account not just the immediate and visible effects of a policy intervention, but also the hidden costs and unintended consequences which accumulate over time. In the field of higher education, when these additional factors are taken into account it soon becomes clear that the £14.3 billion annual public subsidy is now doing more harm than good in one of the UK's most important service sectors.

Suggested Citation

Stanfield, James, The Broken University: What is Seen and What is Not Seen in the UK Higher Education Sector. Economic Affairs, Vol. 30, No. 3, pp. 53-58, October 2010, Available at SSRN: https://ssrn.com/abstract=1692372 or http://dx.doi.org/10.1111/j.1468-0270.2010.02022.x

James Stanfield (Contact Author)

University of Newcastle ( email )

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