The University as Business A number of colleges and universities have announced steep tuition increases for next year—much steeper than the current, very low, rate of inflation. They say the increases are needed because of a loss in value of university endowments heavily investing in common S1.______ stock. I am skeptical. A business firm chooses the price that maximizes its net revenues, irrespective fluctuations in income; S2.______ and increasingly the outlook of universities in the United States is indistinguishable from those of business firms. The rise in tuitions S3.______ may reflect the fact economic uncertainty increases the demand for S4.______ education. The biggest cost of being in the school is foregoing S5.______ income from a job (this is primarily a factor in graduate-and-profes- sional-school tuition) ; the poor one’s job prospects, the more sense S6.______ it makes to reallocate time from the job market to education, in order to make oneself more ma
The University as Business A number of colleges and universities have announced steep tuition increases for next year—much steeper than the current, very low, rate of inflation. They say the increases are needed because of a loss in value of university endowments heavily investing in common S1.______ stock. I am skeptical. A business firm chooses the price that maximizes its net revenues, irrespective fluctuations in income; S2.______ and increasingly the outlook of universities in the United States is indistinguishable from those of business firms. The rise in tuitions S3.______ may reflect the fact economic uncertainty increases the demand for S4.______ education. The biggest cost of being in the school is foregoing S5.______ income from a job (this is primarily a factor in graduate-and-profes- sional-school tuition) ; the poor one’s job prospects, the more sense S6.______ it makes to reallocate time from the job market to education, in order to make oneself more ma
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