May 12, 2011
The Economist’s Democracy in America blog has a post today entitled “Blowing Up Grad School” that is really about whether the U.S. higher education market is failing.
The author links to a number of others who are involved in a debate about this. There’s an explicit wondering whether the health care market and the higher education market are messed up in similar ways. Money quote:
On the other hand, American universities really are the best in the world, and the European model of taxpayer financing of higher education really is going through a massive and inevitable restructuring. This makes figuring out what to do about higher-education cost inflation harder, to my mind, than figuring out what to do about health insurance. There don’t seem to be alternative models that sustainably deliver equivalent value at lower cost.
Note that last sentence. Delivering high quality higher education costs real money. Who is going to be able to pay so that all can receive such a high quality education?