, 1 min read
More Funding for Universities Hurts the Economy
Stephen Downes points us to an article about the apparent negative correlation between economic growth an university funding. Here are some good quotes:
Universities, while they’re virtuous institutions … do not necessarily promote economic growth and development, because resources have to be taken from the private sector or somewhere to pay for them
There is very, very, very weak evidence that more spending on state universities actually leads to more college graduates — let alone higher-quality ones.
See also my posts An upcoming revolution in science? The end of academic journals?, A Tectonic Shift in Global Higher Education and Big schools are no longer giving researchers an edge?