Markets in education

Throughout the industrial world education is being transformed from a public service into a tradeable commodity in the marketplace. In this new book, Marginson looks at the implications of this transformation for the whole education system: primary and secondary schooling; technical and further education; universities and academic research. New insights are offered into such issues as public funding and private institutions, the economics of education, and tertiary fees, while the discussion of 'positional goods' offers a new explanation of social competition, inequality and educational...  [+] Show more

Throughout the industrial world education is being transformed from a public service into a tradeable commodity in the marketplace. In this new book, Marginson looks at the implications of this transformation for the whole education system: primary and secondary schooling; technical and further education; universities and academic research. New insights are offered into such issues as public funding and private institutions, the economics of education, and tertiary fees, while the discussion of 'positional goods' offers a new explanation of social competition, inequality and educational privilege.