{"id":301,"date":"2017-11-30T09:34:35","date_gmt":"2017-11-30T14:34:35","guid":{"rendered":"http:\/\/blog.uvm.edu\/janus\/?p=301"},"modified":"2017-11-30T09:34:44","modified_gmt":"2017-11-30T14:34:44","slug":"richard-vanden-bergh-comments-on-subsidies-for-higher-education-throwbackthursday","status":"publish","type":"post","link":"https:\/\/blog.uvm.edu\/janus\/2017\/11\/30\/richard-vanden-bergh-comments-on-subsidies-for-higher-education-throwbackthursday\/","title":{"rendered":"Richard Vanden Bergh Comments on Subsidies for Higher Education #throwbackthursday"},"content":{"rendered":"

In 2012, The Janus Forum sponsored a debate entitled \u201cDoes Federal Support for Higher Education Make College More or Less Affordable?\u201d\u00a0 Richard Vedder argued that federal government intervention into higher education has been one important cause of the rapid rise in college tuition.\u00a0 Vedder\u2019s argument is consistent with an insight from economics that government subsidies cause demand for education to rise which leads to universities charging higher prices.\u00a0<\/span><\/p>\n

There are numerous research studies that provide empirical support for Vedder\u2019s argument.\u00a0 For example, one study from the Federal Reserve Bank of New York<\/span><\/a> finds that universities pass along federal support in the form of higher tuition and fees.\u00a0 The study found that tuition and fees increased by about 55 cents for each additional dollar of federal government grant funding, and about 70 cents for each additional dollar of federal subsidized loan.\u00a0<\/span><\/p>\n

\u00a0<\/span>These findings highlight a central tenet of the Janus Forum.\u00a0 Sometimes government intervention into market processes may have good intentions but actually exacerbate an identified problem.\u00a0 For me, as a student of both free markets and government decision making, I constantly search for a deeper understanding of the conditions under which government intervention is likely to improve an identified social problem and when it is better for the government to not intervene in free market processes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In 2012, The Janus Forum sponsored a debate entitled \u201cDoes Federal Support for Higher Education Make College More or Less Affordable?\u201d\u00a0 Richard Vedder argued that federal government intervention into higher education has been one important cause of the rapid rise in college tuition.\u00a0 Vedder\u2019s argument is consistent with an insight from economics that government subsidies … <\/p>\n

Continue reading “Richard Vanden Bergh Comments on Subsidies for Higher Education #throwbackthursday”<\/span><\/a><\/p>\n","protected":false},"author":4398,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-301","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/posts\/301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/users\/4398"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/comments?post=301"}],"version-history":[{"count":3,"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/posts\/301\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/posts\/301\/revisions\/304"}],"wp:attachment":[{"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/media?parent=301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/categories?post=301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.uvm.edu\/janus\/wp-json\/wp\/v2\/tags?post=301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}