Inside Higher Ed.
April 13, 2017
“Most important, universities need to embrace the public-good definition of research and higher education that turns private losses into public gains. Universities lose money on research in order to benefit the entire society. Since the whole state gains from a great medical center and museum and sociology department’s expertise on racial stratification, the whole state is legitimately asked to pay for it through taxes.
Universities have tried the soft privatization of revenues. That has failed to stabilize university finances and miseducated people about the nonmarket and social value of the university. Universities have also squandered the philosophical and social foundation of their public benefits and lost much general goodwill.”