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Higher Learning, Greater Good : The Private and Social Benefits of Higher Education (Reprint)

Higher Learning, Greater Good : The Private and Social Benefits of Higher Education (Reprint) - image 1 of 1

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This volume outlines the nature, measurement, and valuation of the private and social benefits of higher education (mainly in the US), with special emphasis on the non-market private and social benefits, direct and indirect effects, and short and long-term effects, in relation to the total investment costs. It draws on the theory and analysis of sources of endogenous development, economic efficiency, and market failure to identify current higher education policy gaps and propose solutions. It considers what higher education’s mission is in globalizing knowledge-based economies, in the context of the race between the contributions of research creating new knowledge and the need by the rest of the population to acquire skills to keep up; the level of total investment in higher education financed by both private and public sources that is economically efficient for growth and broader development; and how far the degree of privatization in the financing of public and private higher education should go if it is to be economically efficient in serving the greater good. It explains key concepts in higher education policy and education finance and major higher education issues from a human capital perspective, such as access, affordability, accountability, and de facto privatization; the market returns to investment in higher education, including jobs, earnings, and growth, as well as the relationship between higher education and economic growth; the non-market private benefits, including health, child education, fertility rates, longevity, and happiness; social benefits like democracy, the reduction of poverty and inequality, lower crime rates, lower health care and public assistance costs, greater social cohesion, and sustainability of the environment; returns to academic research in relation to costs; implications for new higher education policies; and the overall role of higher education in providing for the public good. Annotation ©2017 Ringgold, Inc., Portland, OR (protoview.com)
Edition: Reprint
Number of Pages: 415
Genre: Education, Business + Money Management
Format: Paperback
Publisher: Johns Hopkins Univ Pr
Author: Walter W. McMahon
Language: English
Street Date: May 25, 2017
TCIN: 52772160
UPC: 9781421424033
Item Number (DPCI): 248-47-6210
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