The Finance of Higher Education: Theory, Research, Policy and Practice

This volume is a comprehensive examination of governmental and institutional policies and practices, and of the essential theories and areas of research that in combination establish the foundation, explore and extend the boundaries, and expand the base of knowledge in the field of higher education finance. A unique feature of the book is its comprehensive, systematic presentation of the theories and models from the policy science of economics that have been the most frequently and productively applied to the study of higher education finance. These perspectives include human capital theory, public sector economics, the microeconomic theories of cost and productivity, and the price theory of microeconomics, each of which is addressed in a separate chapter.