By Pedro Teixeira, Ben Jongbloed, Alberto Amaral, David Dill (auth.), Pedro Teixeira, Ben Jongbloed, David Dill, Alberto Amaral (eds.)
This quantity offers the main accomplished foreign dialogue of the position of markets in larger schooling ever released. It displays on either the political and financial implications of the emerging development in the direction of introducing industry parts in larger schooling. The publication attracts jointly many best overseas students within the fiscal and coverage research of upper schooling to discover varied theoretical views and current new empirical proof on marketplace mechanisms in greater schooling in different Western countries.
The authors current a dispassionate and ideologically impartial view of the benefits and drawbacks of the advent of market-mechanisms in better schooling and of its results when it comes to entry, fairness, caliber of provision, pupil studying, examine and scholarship, etc. they usually stability the functionality of markets in greater schooling opposed to the choice of extra, or a special form of, governmental intervention.
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Additional info for Markets in Higer Education: Rhetoric or Reality?
Example text
Salancik. The External Control of Organizations: A Resource Dependence Perspective. San Francisco: Harper and Row, 1978. Samuelson, Paul. Foundations of Economic Analysis. New York: Atheneum, 1974. M. 2 (1991): 45–66. Schumpeter, Joseph A. Capitalism, Socialism, and Democracy. London: Taylor & Francis Books Ltd, 1976 (1942). Teichler, Ulrich. ). Governmental Strategies and Innovation in Higher Education. London: Jessica Kingsley Publishers, 1989, 168–211. Utterback, James M. Mastering the Dynamics of Innovation.
The concluding section of this chapter proposes a refinement of steering from a distance – an approach I will call ‘performance-based steering’. While retaining the ‘light touch’ character of governmental involvement, performance-based steering supplements market forces with persuasion and discretionary rewards and punishments designed to nudge universities in directions judged to be in the public interest. It presumes that universities want to further the public interest but that competing forces, including the pressures associated with growing marketplace competition, may cloud or confound their thinking.
Property rights represent a serious barrier to growth by substitution. Market forces can make it harder for universities to fund initiatives with new money, but they do not necessarily solve the property rights problem. To solve that problem, institutional leaders must provide due process and deal compassionately with faculty whose programmes are downsized or eliminated. Most important, they must convince their constituents to put mission first. Failure to do so prevents the university from adapting to new conditions.