Weiterbildung, 6 | 2014, pp 38 - 41

The rising cost of higher education to individuals and reduced graduate job prospects in many countries have renewed debate about the value of higher education. These have, however, focused on the private gain or rate of return of higher education to individuals, rather than on its broader public benefits. Even defenders of the intellectual, cultural and social value of higher education emphasize increasingly the economic and market function of the university.