The Finance Of Higher Education: Theory, Research, Policy And Practice
The Finance of Higher Education: Theory, Research, Policy and Practice
Edited by Michael B. Paulsen and John C. Smart, this volume is a comprehensive examination of policies and practices and the essential theories and areas of research that comprise the field of higher education finance. Nine of the fifteen chapters were written for this volume; the other six are reprinted from various volumes of Higher Education: Handbook of Theory and Finance, each with an updating epilogue provided by the authors.
A unique feature of the book is its comprehensive, systematic presentation of the theories and models from the policy science of economics that have been the most frequently and productively applied to the study of higher education finance. These perspectives include human capital theory, public sector economics, the microeconomic theories of cost and productivity, and the price theory of microeconomics, each of which is addressed in a separate chapter.
Among topics addressed in other chapters are how affordable college attendance really is for students under different circumstances; trends in the revenues and expenditures of public and private colleges and universities; detailed examinations of the nature and effects of federal, state, and institutional policies in the area of higher education finance;...