Doing More with Less
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Joshua C. Hall Editor Doing More with Less Making Colleges Work Better
Editor Joshua C. Hall Department of Economics Beloit College Beloit, WI 53511, USA halljc@beloit.edu ISBN 978-1-4419-5959-1 e-isbn 978-1-4419-5960-7 DOI 10.1007/978-1-4419-5960-7 Springer New York Dordrecht Heidelberg London Library of Congress Control Number: 2010932322 Springer Science+Business Media, LLC 2010 All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, LLC, 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Contents 1 Introduction: The American Higher Education Problem... Richard Vedder Part I 1 Evaluating and Debating Causes 2 Financial Aid in Theory and Practice... Andrew Gillen 3 Price Discrimination and Rising Costs: Is There Any Relationship?... Gregory Randolph 53 Cost Inflation in Intercollegiate Athletics: And Some Modest Proposals for Controlling It... William Shughart II 71 The Academics Athletics Trade-Off: Universities and Intercollegiate Athletics... Matthew Denhart, Robert Villwock, and Richard Vedder 95 4 5 15 Part II Is For-Profit Education the Solution? 6 For-Profit Education in the USA: A Primer... 139 James Coleman and Richard Vedder 7 A Market-Funded College s Approach to Student Learning and Job Placement: An Insider s View... 165 John Woods 8 The Economics of For-Profit Education... 177 Tyler Cowen and Sam Papenfuss v
vi Contents Part III Opportunities for Reform 9 Getting It Right: Where University Systems Lose Information in Designing Programs... 197 Justin M. Ross 10 Managing the Internal Organization of Colleges and Universities... 217 Matthew Holian and Justin M. Ross 11 Privatize It: Outsourcing and Privatization in Higher Education... 235 Carrie B. Kerekes 12 Improving Higher Education Using the Principles of Market-Based Management... 249 Gavin Romm and Edward Stringham 13 A Tale of Two Partners: How Specialization and Division of Labor Are Reshaping the Academy... 267 G. Dirk Mateer About the Author... 281 Index... 285
Acknowledgments I am grateful to Richard Vedder and the Center for College Affordability and Productivity for initiating and supporting this project. In addition, I would like to thank the Social Philosophy and Policy Center at Bowling Green State University for the support of its Visiting Scholar program during the summer of 2009. The uninterrupted research time provided by Jeff Paul and Fred Miller was invaluable. Lastly, I would like to dedicate this volume to Sabrina Hall, my wife and best friend. Without her love and support, nothing I do would be possible. vii
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About the Editor Joshua Hall is an Assistant Professor in the Department of Economics and Management at Beloit College. He earned his bachelor and master degrees in economics from Ohio University and his Ph.D. from West Virginia University. Formerly an economist for the Joint Economic Committee of the U.S. Congress, he has published over 90 professional journal articles, policy studies, book chapters, encyclopedia entries, and book reviews. Professor Hall s research has appeared in journals such as the American Journal of Economics and Sociology, Atlantic Economic Journal, Cato Journal, Journal of Economic Education, Journal of Labor Research, and Southern Economic Journal. ix
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