College Education Is Not a Public Good

George Leef

In a recent column, University of Chicago professor Luigi Zingales argued that we'd be better off if government stopped subsidizing higher education and we moved toward a system whereby students pay for it out of their future earnings -- the human capital contract idea. His column drew a reply from Richard Kahlenberg, who was upset at the idea that higher education is a private good. He says it's a public good that we all benefit from, so society should subsidize it. That dispute is the backdrop for my Clarion Call this week. I side with Zingales. We will get the optimal level of both education and training if we leave it up to the self-interest of individuals. Conversely, if government gets involved, we will have great waste of time and money with no gain in education. Subsidizing higher education simply diverts resources away from more beneficial uses.

 

 

Image: Wikimedia Commons, Public Domain

  • Share

Most Commented

July 25, 2022

1.

Against Transgenderism

The ideology of transgenderism strives to slam shut any door that offers opposition to its attempts to acquire power and control. This statement explains our opposition to such an ideology i......

July 15, 2022

2.

New: Association of American Medical Colleges Releases Official DEI Curriculum Standards

The Association of American Medical Colleges' new DEI competencies will hamper free expression, politicize medical education, and encourage physicians to engage in misbegotten activ......

July 19, 2022

3.

The AAMC Prescribes a Daily Dose of DEI

The Association of American Medical Colleges has completely ignored all criticism and has doubled-down on its radical agenda, consequences be damned....

Most Read

May 15, 2015

1.

Where Did We Get the Idea That Only White People Can Be Racist?

A look at the double standard that has arisen regarding racism, illustrated recently by the reaction to a black professor's biased comments on Twitter....

October 12, 2010

2.

Ask a Scholar: What is the True Definition of Latino?

What does it mean to be Latino? Are only Latin American people Latino, or does the term apply to anyone whose language derived from Latin?...

September 29, 2022

3.

Tracking Cancel Culture in Higher Education

UPDATED: A repository of 244 professors, administrators, and students who have been canceled for expressing views deemed unacceptable by higher education ideologues....