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Mission and Money

Author

Listed:
  • Weisbrod,Burton A.
  • Ballou,Jeffrey P.
  • Asch,Evelyn D.

Abstract

Mission and Money goes beyond the common focus on elite universities and examines the entire higher education industry, including the rapidly growing for-profit schools. The sector includes research universities, four-year colleges, two-year schools, and non-degree-granting career academies. Many institutions pursue mission-related activities that are often unprofitable and engage in profitable revenue raising activities to finance them. This book contains a good deal of original research on schools' revenue sources from tuition, donations, research, patents, endowments, and other activities. It considers lobbying, distance education, and the world market, as well as advertising, branding, and reputation. The pursuit of revenue, while essential to achieve the mission of higher learning, is sometimes in conflict with that mission itself. The tension between mission and money is also highlighted in the chapter on the profitability of intercollegiate athletics. The concluding chapter investigates implications of the analysis for public policy.

Suggested Citation

  • Weisbrod,Burton A. & Ballou,Jeffrey P. & Asch,Evelyn D., 2008. "Mission and Money," Cambridge Books, Cambridge University Press, number 9780521515108, January.
    • Handle: RePEc:cup:cbooks:9780521515108
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    Citations

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    Cited by:

    1. Robert Toutkoushian & Manu Raghav, 2021. "Estimated Profit: A Look at the Excess Revenues of Private Four-Year Nonprofit Postsecondary Institutions," Education Finance and Policy, MIT Press, vol. 16(1), pages 125-145, Winter.
    2. Joshua C. Hall, 2020. "Academia in Anarchy: 50 years on," Public Choice, Springer, vol. 183(3), pages 405-416, June.
    3. Drew M. Anderson, 2019. "What Constitutes Prudent Spending from Private College Endowments? Evidence from Underwater Funds," Education Finance and Policy, MIT Press, vol. 14(1), pages 88-114, Winter.
    4. Bilal Barakat & Robin Shields, 2019. "Just Another Level? Comparing Quantitative Patterns of Global Expansion of School and Higher Education Attainment," Demography, Springer;Population Association of America (PAA), vol. 56(3), pages 917-934, June.
    5. Meer, Jonathan & Rosen, Harvey S., 2011. "The ABCs of charitable solicitation," Journal of Public Economics, Elsevier, vol. 95(5-6), pages 363-371, June.
    6. Burgher, Joshua & Hamers, Herbert, 2017. "A Quantitative Optimization Framework for Market-Driven Academic Program Portfolios," Other publications TiSEM e0782c5b-c2ad-443d-b0ad-9, Tilburg University, School of Economics and Management.
    7. Sondra N. Barringer & Erin Leahey & Karina Salazar, 2020. "What Catalyzes Research Universities to Commit to Interdisciplinary Research?," Research in Higher Education, Springer;Association for Institutional Research, vol. 61(6), pages 679-705, September.
    8. Burgher, Joshua & Hamers, Herbert, 2017. "A Quantitative Optimization Framework for Market-Driven Academic Program Portfolios," Discussion Paper 2017-025, Tilburg University, Center for Economic Research.
    9. Ryan Yeung & Philip Gigliotti & Phuong Nguyen-Hoang, 2019. "The Impact of U.S. News College Rankings on the Compensation of College and University Presidents," Research in Higher Education, Springer;Association for Institutional Research, vol. 60(1), pages 1-17, February.

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