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REGULATION, RENT SEEKING AND REFORM IN HIGHER EDUCATION
Author(s) -
Hamlin Alan
Publication year - 1994
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/j.1468-0408.1994.tb00388.x
Subject(s) - rent seeking , public administration , business , political science , public economics , economics , law , politics
Two relevant branches of economic analysis—the economics of regulation and the economics of rent seeking — are reviewed in order to assess the extent to which the basic structure of the recent reforms in UK higher education can be grounded in economic logic. Attention is paid to the essential nature of the higher education sector as a producer of both teaching and research, and the importance of considerations of quality. It is argued that the reforms may pay too little attention to some of these issues.