Public institutions typically charge out-of-state students much higher tuition than in-state students. Bryan Caplan and Alex Tabarrok, two leading libertarian economists, have been discussing the puzzle of why that is the case. They correctly rule out the monopoly or cartel explanation. If public colleges were a monopoly or cartel, they could charge higher prices to […]
Read More
Despite all of the rhetoric from our elected officials about their interest in containing college costs, every American should know that the legislation Congress passed last year reauthorizing the Higher Education Act significantly increases the cost of running a college, and therefore the cost of attending one. By way of example, let’s look at the […]
Read More