In "Valuing Higher Education," leading international analysts examine Gareth Williams's contribution to shaping our thinking about the economics of higher education in essays that are a testimony to Williams's conception that the field cannot be properly understood unless viewed alongside social policy, changes in knowledge production, the life chances of students, and their actual learning experience. Questions identified and discussed include the rise and limitations of markets, the balance between higher education as a public and a private good, the financing of higher education, and audit arrangements. Behind all of the analyses stands the larger question: What is the value of higher education? The distinguished contributors critique contemporary developments in essays that will also inform further research and policymaking, not least in Williams's own concluding response, which offers glimpses of future possibilities. Contents include a Foreword (Tessa Blackstone), an Introduction (Ronald Barnett, Peter Scott, and Paul Temple); and Gareth Williams: An appreciation (Maureen Woodhall). Following are eleven chapters with respective authors, divided over three parts. Part 1: "The Rise and Rise of Markets in Higher Education" contains: Chapter 1: An Economic View of Higher Education Theory (Alberto Amaral and Pedro Teixeira); Chapter 2: The Idea of the Market in Financing English Higher Education (Paul Temple); Chapter 3: Financing British Higher Education: The Triumph of Process Over Policy (Michael Shattock); and Chapter 4: Performance Indicators and Rankings in Higher Education (Jill Johnes). Part 2: "A Changing Academic Life" continues with: Chapter 5: Managerialism, Garbage Cans, and Collegial Governance: Reflections on an Economic Perspective of University Behaviour (David Dill); Chapter 6: Massification, Austerity, and the Academic Profession (D. Bruce Johnstone); Chapter 7: Financing Creativity in the Global Research Economy: Performance Management or Knowledge Construction? (Louise Morley); and Chapter 8: Branding and the Commodification of Academic Labour (James Pringle and Rajani Naidoo). Part 3: "The Uses of Higher Education" contains: Chapter 9: Too Many or Too Few? The Perennial Debates on Higher Education and the World of Work (Ulrich Teichler); Chapter 10: Higher Education and the Knowledge Economy (Peter Scott); and Chapter 11: Response (Gareth Williams). Also included are: The Works of Gareth Williams and an Index.