The Economic Institutions of Higher Education: Economic Theories of University Behavior

ISBN-13: 9781840649918 / Angielski / Twarda / 2003 / 264 str.

J. P. Raines;Charles G. Leathers

Opis

Working within the context of the evolutionary-institutional transformation of higher education, this work traces the development of an economic model by which the behavioural tendencies of modern universities can be evaluated. That model is expanded to provide insights to the following questions: why do universities compete and how do they develop and implement their competitive strategies? How do universities make critical institutional decisions about operational missions, academic policies, and internal resource allocation? Do universities efficiently and effectively pursue the special social functions assigned to them? universities and provide a realistic economic model that predicts how universities allocate their scarce educational resources. This alternative view is contrasted with the mainstream explanations of university behaviour based on the maximization of student welfare of faculty influences. The authors extend the existing literature on the operation of universities by presenting a history of the evolution of the modern entrepreneurial universities as well as an explanation of academic capitalism.