The Higher Schooling in America
THE financing of higher schooling [1] raises two separate problems: (1) Should tax monies be used to finance higher schooling and, ff so, how much? (2) How should such tax monies, ff any, be spent? In their letter of invitation to participate in this symposium, the editors of The Public Interest beg the first question and concentrate wholly on the second. This seems to me a great mistake; hence I shall comment on both.
One further introductory remark. Institutions of higher schooling are multi-product enterprises producing three main products: schooling, research, and monuments (the “Smith” library, the “Jones” professorship, the “Robinson” fellowship). These all raise different issues. I shall restrict my comments entirely to the first product, schooling.
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