Higher Education in the United States

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The failure of economists to study the resource problems in higher education has left a crucial dilemma to be coped with by temporary and haphazard measures. This volume is based on a Seminar on Higher Education held in 1958–59, and attended by, among others, college administrators, economists, and educators. Although the limitation of financial resources is an essential consideration, the standard of educational values remained the major issue.

An indication of the volume’s scope is given by the general divisions of the subject matter, which include: Pricing and the Student Body; Government Aid; Faculty Status; Experiment in Higher Education—Educational and Economic Issues; Economics and Educational Values; and Investment and Endowment Policies. Among the distinguished contributors who present papers are Eldon J. Johnson, Rexford G. Moon, Jr., Barnaby C. Keeney, Otto Eckstein, Carl Kaysen, Charles W. Cole, and David Riesman; the papers are reproduced with minor authors’ revisions.

The volume also includes an Introduction by the editor and summaries of the seminar discussions.