Higher Education, Business Creation, and Economic Growth in the American States Chapter uri icon


  • In the last quarter century or so, a not-so-subtle shift in the justification for state expenditures on higher education has occurred. Once justified in terms of the need to produce an educated citizenry and as an avenue of upward mobility, now increased public spending for higher education is touted as promoting economic progress. These claims are more generally part of new approach to the justification of state expenditures. Elsewhere, we have referred to that approach as the theory of investment expenditures (Jones and Vedlitz 1988).

author list (cited authors)

  • Jones, B. D., & Vedlitz, A.

editor list (cited editors)

  • Becker, W. E., & Lewis, D. R.

Book Title

  • Higher Education and Economic Growth

publication date

  • January 1, 1993 11:11 AM