Universities and the Knowledge Economy
Cowan, Robin (2005). Universities and the Knowledge Economy. UNU-MERIT Research Memoranda. UNU-MERIT.
Sub-type Working paper Author Cowan, Robin Title Universities and the Knowledge Economy Series Title UNU-MERIT Research Memoranda Volume/Issue No. 27 Publication Date 2005 Publisher UNU-MERIT Language eng 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..... Copyright Year 2005 Copyright type All rights reserved
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