What’s the Use of Economics?

diane coyle

If economics emerges from the Global Crisis unchanged, it will lose all credibility. That is certainly not the view of all economists, but many do think so. There are plenty of examples of criticism of our subject from within and without. Some are ill-informed rants, but others – such as the recent article ‘Economics in [...]

US 2012: Stop Starving Public Universities and Shrinking the Middle Class

robert reich

Last week Rick Santorum called the President “a snob” for wanting everyone to get a college education (in fact, Obama never actually called for universal college education but only for a year or more of training after high school). Santorum needn’t worry. America is already making it harder for young people of modest means to [...]

Buy your Future if you Can – The UK’s Unbelievable Higher Education Policy

David Willets

The UK coalition government’s higher education policy has been a complete and utter disaster from day 1 when they effectively privatised most of the university sector and trebled tuition fees. But what is being discussed now is simply unbelievable: There are plans to cut 10.000 publicly supported (they are no longer funded as the government [...]

On the Shaky Prospects of Meritocracy

zygmuntbauman

The most prestigious academic institutions issuing the most prestigious academic diplomas – institutions most generous in granting social privileges or recompensing social deprivations – are year by year, one step at a time yet consistently and relentlessly, drifting out of the “social” market and distancing themselves ever further from the throngs of youngsters whose hopes [...]

Public Expenditure and the Affordability Fallacy

John Weeks

Implicit in almost every discussion on public expenditure and revenue, and most virulently on the debate over deficit reduction, is the fallacy of public affordability.  This fallacy is manifested, for example, in the argument in the United Kingdom that if university education is available to a large portion of the population, the public sector cannot [...]