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The broken university: What is seen and what is not seen in the UK higher education sector

Lookup NU author(s): Dr James StanfieldORCiD

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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. © 2010 The Author. Economic Affairs © Institute of Economic Affairs 2010.

Publication metadata

Author(s): Stanfield J

Publication type: Article

Publication status: Published

Journal: Economic Affairs

Year: 2010

Volume: 30

Issue: 3

Pages: 53-58

Print publication date: 14/10/2010

ISSN (print): 0265-0665

ISSN (electronic): 1468-0270

Publisher: Wiley-Blackwell

URL: http://dx.doi.org/10.1111/j.1468-0270.2010.02022.x

DOI: 10.1111/j.1468-0270.2010.02022.x

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