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Economist Debates: The cost of higher education Table of contents The proposition ........................................................... 5 Opening statements .................................................... 6 The moderator’s opening statement............................... 7 The proposition’s opening statement............................ 10 The opposition’s opening statement ............................. 15 Featured guest, Nicholas Barr ..................................... 19 Featured guest, David Breneman................................. 23 Rebuttal statements.................................................. 25 The moderator’s rebuttal statement ............................. 25 The proposition’s rebuttal statement ............................ 28 The opposition’s rebuttal statement ............................. 32 Featured guest, Neal McCluskey .................................. 35 Featured guest, Andreas Blom .................................... 39 Closing statements.................................................... 42 The moderator’s closing statement .............................. 42 The proposition’s closing statement ............................. 45 The opposition’s closing statement .............................. 49 Featured guest, Donald Heller ..................................... 53 Featured guest, Lan Gao ............................................ 56 Winner announcement .............................................. 60 Winner announcement ............................................... 60 Background reading .................................................. 62 The sponsor: Intel..................................................... 63 The sponsor’s perspective .......................................... 63 Q&A with Intel’s William A. Swope and Julie Clugage ...... 68 4
Economist Debates: The cost of higher education October 29th – November 10th 2008 The proposition “This house believes that individuals, not the state, should pay for higher education.” Where does the lion's share of value rest when it comes to higher education? Is it with the individuals who reap the rewards of interesting work and higher salaries? Or is it the state, which will benefit from an educated society and competitive workers? In a globalised world where talent shortages are growing and highly educated individuals move freely between jobs and countries, has the balance of the benefit of higher education shifted from the state to the individual? If so, who bears the responsibility for paying for higher education? 5
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