New Book Places College Cost Debate in Larger Context
Two economists at the College of William and Mary have published a new book called ‘Why Does College Cost So Much?‘ In a co-authored op-ed published by Inside Higher Ed, Archibald and Feldman explain that their book is an attempt to largely dispel commonly asserted narratives that blame rising college costs on a particular set of actors (the government, the administration, the faculty, or even students and families) who have created institutional dysfunction that must be targeted for reform.
Instead of these often politicized arguments, they attempt to examine the higher education industry in the context of the American economy with the basic assumption that economic forces acting on and reshaping other industries might also be applicable to higher education. The authors focus particularly on the role of technology in reducing the costs of manufactured goods and agricultural products, but not services.
We look forward to reading this new addition to the literature.