Education

A higher education system with "free tuition" will need to control costs through larger class sizes, and lower-quality services.

Government spending on higher education is higher in the US than in Switzerland, Germany, or France. But colleges remain expensive here because they focus more on non-educational perks and extras.

Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans.

The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.

The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.

The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.

Wealthy Hollywood types, being relentless and cynical social climbers, figured out years ago that college is mostly about social status and certification.

Besides national defense, no government-provided service enjoys as much exemption from scrutiny as the provision and subsidization of primary public education.

Lena Wang on the state of higher education in America.

Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy.