Why Does College Cost So Much?

Why Does College Cost So Much Much of what is written about colleges and universities ties rapidly rising tuition to dysfunctional behavior in the academy Common targets of dysfunction include prestige games among universities go

  • Title: Why Does College Cost So Much?
  • Author: Robert B. Archibald David H. Feldman
  • ISBN: 9780199744503
  • Page: 299
  • Format: Hardcover
  • Much of what is written about colleges and universities ties rapidly rising tuition to dysfunctional behavior in the academy Common targets of dysfunction include prestige games among universities, gold plated amenities, and bloated administration This book offers a different view To explain rising college cost, the authors place the higher education industry firmly witMuch of what is written about colleges and universities ties rapidly rising tuition to dysfunctional behavior in the academy Common targets of dysfunction include prestige games among universities, gold plated amenities, and bloated administration This book offers a different view To explain rising college cost, the authors place the higher education industry firmly within the larger economic history of the United States The trajectory of college cost is similar to cost behavior in many other industries, and this is no coincidence Higher education is a personal service that relies on highly educated labor A technological trio of broad economic forces has come together in the last thirty years to cause higher education costs, and costs in many other industries, to rise much rapidly than the inflation rate The main culprit is economic growth itself.This finding does not mean that all is well in American higher education A college education has become less reachable to a broad swathe of the American public at the same time that the market demand for highly educated people has soared This affordability problem has deep roots The authors explore how cost pressure, the changing wage structure of the US economy, and the complexity of financial aid policy combine to reduce access to higher education below what we need in the 21st century labor market.This book is a call to calm the rhetoric of blame and to instead find policies that will increase access to higher education while preserving the quality of our colleges and universities.

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    • ê Why Does College Cost So Much? || ï PDF Read by ✓ Robert B. Archibald David H. Feldman
      299 Robert B. Archibald David H. Feldman
    • thumbnail Title: ê Why Does College Cost So Much? || ï PDF Read by ✓ Robert B. Archibald David H. Feldman
      Posted by:Robert B. Archibald David H. Feldman
      Published :2018-09-18T15:03:05+00:00

    1 thought on “Why Does College Cost So Much?”

    1. This is an important book. The authors take there best shot at answering the question they ask. The answers boil down to two parts. The more important part is cost disease. Personal services requiring large amounts of highly skilled labor have tended to go up relative to all other things, and dentistry and college have followed a similar path. The exceptions are those services where technology has meant that fewer highly-skilled person hours are required today than in years past, e.g stock broke [...]

    2. There's nobody to shoot! The authors claim that there are no villains to rising college costs, but rather that such costs are attributable to larger economic forces, i.e "cost disease." The authors make a valid, if depressing argument. Good luck trying to save for your kids college education when costs rise faster than inflation. Very heavy on the economic analysis, yet surprisingly readable.

    3. I found this book courtesy of the president of Westmont College - it is a thoughtful treatment of an emotional issue. It covers a lot of ground and makes some attempt at suggesting ways to solve the college cost problem.

    4. This provides a very clear explanation of why the cost of college has outpaced many other costs. For me an added interest is that the same rationale applies to the disproportionately high cost of health care as well.

    5. Media overemphasizes the college cost "crisis" and finally, we get an explanation of exactly what this means. In this book, Archibald explains how college costs isn't really a "crisis". It's a problem, but it's a lot less serious than the media makes it out to be. While we're all so concentrated on the types of costs that are incendiary, such as the salaries of college football coaches, we fail to see exactly where these price fluctuations come from. Constant rhetoric in the media are constantly [...]

    6. I am greatly interested in the subject but thought the writer's "aerial approach" missed the forest for the trees and I felt like he was determined to absolve the universities from the beginning. He calls it an aerial approach but to me it was chasing one red herring after another. So many pages devoted to the increase in dental care fees as it relates to tuition.There is no attempt at all to open up the books of universities and see what they bring in versus what they spend. That is where the c [...]

    7. This was assigned reading to me by Pitzer College, of which I am a trustee. It is somewhere between a PhD dissertation and an interesting article, stretched into a book. But if the authors were trying to make a public policy analysis, they missed out; prefering instead to explain and justify the increase in college tuition (which isn't quite as much as it seems when you factory in all the students who don't actually pay the sticker price, either because they have scholarships or loans). The book [...]

    8. A very solid exploration of college and university economics. The authors cover the ground very carefully (with one exception; see below) and clearly, bringing data and sober analysis to each topic. Archibald and Feldman emphasize Baumol's cost disease as the reason for academic pricing, which is quite persuasive. They also recommend we stop thinking of colleges in crisis, a more difficult but ultimately reasonable argument.The book concludes with two interesting recommendations, one to simplify [...]

    9. Two economists explain with great clarity how the rising cost of college is not due to some great inefficiency or dysfunction in higher education, nor to shrinking state support (though that is happening), but to the same macro economic forces that have fueled our growth as a high-tech society. A college education is more important than ever, and although reading this book doesn't make it more affordable for me and my kids, it sure helps to understand the reasons for it, and to point the way to [...]

    10. Insightful and easy to read book to help understand why college costs so much. Though written by 2 economists, I believe the writing style is friendly to non-economists as well. This book challenges many ideas about why college is so expensive, and walks through a convincing argument for a different explanation. I thought it was organized logically and presented their case clearly.

    11. Good, but labouredI read this to get some insight into the costs of HE. The book delivered, but went in to more depth than was necessary for my purposes. Still, it us well researched and well written. Worthwhile.

    12. Insightful and penetrating analysis. Should be required reading for anyone with an interest in higher education.

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