nep-sog 2005-10-04 papers

on Sociology of Economics

Issue of 2005‒10‒04
one paper chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

Universities and the Knowledge Economy By Cowan,Robin

By:	Cowan,Robin (MERIT)
Abstract:	The simplest rationale for the existence of a publicly funded university is that it provides some form of public good. If all the outputs of a university were privately owned, and privately appropriable, there would be no need for public funding. Either firms would fund the research and training which could be internalized by themselves, or students could fund the teaching through higher future earnings. Consequently, one way to pose the issue of the future role of universities is to ask what public goods they can provide that cannot be provided in other ways.....
Keywords:	Economics of Technology;
Date:	2005
URL:	http://d.repec.org/n?u=RePEc:dgr:umamer:2005027&r=sog

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