After receiving his PhD in 1970, the author has spent almost 30 years conducting research on the economics of higher education, chairing faculty budget committees at Cornell, serving as a Cornell vice president and then as a trustee of both Cornell and SUNY, and being associated with innumerable national commissions and higher education…

The "Great Recession" has caused a fiscal crisis in both public and private higher education that is unmatched in recent memory. Institutions' attention is focused on what they can cut out of their budgets. Student-service expenditures are often seen as discretionary in institutional budgets; they are viewed by some critics as "frills" that make…

American colleges and universities compete with each other for undergraduate and graduate students, faculty and staff, research funding, and external contributions, as well as on athletic fields. This competition is often alleged to be a zero-sum game; what one institution wins, another must lose. However, as the authors show here, the Common…

During the last quarter of a century, public higher education institutions have found themselves buffeted by a perfect storm. This storm has led to discussions about the privatization of those institutions, which has implications for their ability to improve, or at least maintain, their quality and their accessibility to students from all…