The pie grows, so you need to look into the funding of these institutions, into the percentage of government vs private coffers. I’ll look into it later, still at work now
U of Texas, Austin, 10% State Appropriation, 20% Tuition Also with a fun cow shaped graph showing the decline from 34% State Appropriation in 1990 to the 10% of today. Important to add that they have income from an endownment that generates oil and gas revenues that is not included in these figures.
Other universities show the amount of money instead of the percentage, I’m too lazy to do the maths right now. These are some of the ones that are easier to read on the go. Speaking of, here’s another light read on healthcare The World’s Costliest Health Care, David Cutler, Harvard Magazine
As to HOW COME the percentage of GDP increased and it didn’t translate into better finance for institutions, my leftist ass would guess that the laissez-faire market failed to self-regulate. This is definitely an oversimplification of a more complex economical issue, this could also be a post hoc ergo propter hoc, or a cum hoc ergo propter hoc fallacy. In any case, you asked for sources and I provided.
OK, fair enough re: colleges. Not sure what institutions you’re referring to. Government spending as % of GDP is a rough indicator of their general presence in the economy (either through which institutions they’re running directly, or which institutions they’re regulating).
Hi, read my comment again, I specifically mentioned university in my example. Other public institutions would be schools, libraries, recreation centres, etc. The US government spends a lot on armament and military tech, maybe if you can look at a graph where the spendings are separated you’ll get a clearer picture
Not sure how accurate your example is. Government spending as % of GDP has been steadily increasing for a century.
http://2.bp.blogspot.com/-7M6Qk22TGko/UDMQywXhifI/AAAAAAAARVM/AUKK51HNBPM/s1600/Governemnt%2BSpending%2Bas%2BPercent%2Bof%2BGDP%2B-%2BFederal.png
The pie grows, so you need to look into the funding of these institutions, into the percentage of government vs private coffers. I’ll look into it later, still at work now
Hi, I’m back.
State colleges receive the same amount of funding from tuition as from state governments
U of Wisconsin-Madison, 15% State Revenue, 21% Tuition There’s also a graph showing the percentage decline since 1976
U of Texas, Austin, 10% State Appropriation, 20% Tuition Also with a fun cow shaped graph showing the decline from 34% State Appropriation in 1990 to the 10% of today. Important to add that they have income from an endownment that generates oil and gas revenues that is not included in these figures.
U of Virginia 2011, 10.3% State Funding
Other universities show the amount of money instead of the percentage, I’m too lazy to do the maths right now. These are some of the ones that are easier to read on the go. Speaking of, here’s another light read on healthcare The World’s Costliest Health Care, David Cutler, Harvard Magazine
As to HOW COME the percentage of GDP increased and it didn’t translate into better finance for institutions, my leftist ass would guess that the laissez-faire market failed to self-regulate. This is definitely an oversimplification of a more complex economical issue, this could also be a post hoc ergo propter hoc, or a cum hoc ergo propter hoc fallacy. In any case, you asked for sources and I provided.
OK, fair enough re: colleges. Not sure what institutions you’re referring to. Government spending as % of GDP is a rough indicator of their general presence in the economy (either through which institutions they’re running directly, or which institutions they’re regulating).
Hi, read my comment again, I specifically mentioned university in my example. Other public institutions would be schools, libraries, recreation centres, etc. The US government spends a lot on armament and military tech, maybe if you can look at a graph where the spendings are separated you’ll get a clearer picture