Planning for Higher Education Journal

How to Think About Rising College Costs

Journal Cover
From Volume 23 Number 4 | Summer 1995
By William J. Baumol, Sue Anne Blackman

A primer for planners about higher education's "cost disease" and its future effects. Subtitles: Why the cost disease?; Can we afford higher education?; Reallocating national resources; The huge job of persuasion. Pull quotes: "The cost of American higher education has quadrupled over the 42-year period." "In higher education the nature of the products make their production a handicraft activity." "Personal services are condemned to slower productivity growth." "By 2040 education and health care alone could well absorb over half of the entire GNP." "Higher education is an example of the need for reconceived practices."

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