Old and New Thinking about Financing the Research University
Old and New Thinking about Financing the Research University
by Charles Schwartz, Professor Emeritus of Physics
University of California, Berkeley
Schwartz@physics.berkeley.edu
December 2007
The leading research universities, like my own University of California (UC), are having a difficult time with finances. The standard complaint from our administrators is that the governments, state and federal, are not providing enough money and that is why, regrettably, they have to raise student fees so much.
I want to take a different look, focusing on an old accounting habit that gives a misleading answer to the simple question, What do we spend on undergraduate education and what do we spend on other missions? First, some background.
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