{"product_id":"higher-learning-greater-good-the-private-and-social-benefits-of-higher-education-hardcover","title":"Higher Learning, Greater Good: The Private and Social Benefits of Higher Education - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eWalter W. McMahon\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe chronic underinvestment in higher education has serious ramifications for both individuals and society.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eWinner, Best Book in Education, 2009 PROSE Awards, Professional and Scholarly Publishing Division, Association of American Publishers\u003c\/p\u003e\u003cp\u003eWinner, Best Book in Education, PROSE Awards, Professional and Scholarly Publishing Division, Association of American Publishers\u003c\/p\u003e\u003cp\u003eA college education has long been acknowledged as essential for both personal success and economic growth. But the measurable value of its nonmonetary benefits has until now been poorly understood. \u003ci\u003eIn Higher Learning, Greater Good\u003c\/i\u003e, leading education economist Walter W. McMahon carefully describes these benefits and suggests that higher education accrues significant social and private benefits. \u003c\/p\u003e\u003cp\u003eMcMahon's research uncovers a major skill deficit and college premium in the United States and other OECD countries due to technical change and globalization, which, according to a new preface to the 2017 edition, continues unabated. A college degree brings better job opportunities, higher earnings, and even improved health and longevity. Higher education also promotes democracy and sustainable growth and contributes to reduced crime and lower state welfare and prison costs. These social benefits are substantial in relation to the costs of a college education. \u003c\/p\u003e\u003cp\u003eOffering a human capital perspective on these and other higher education policy issues, McMahon suggests that poor understanding of the value of nonmarket benefits leads to private underinvestment. He offers policy options that can enable state and federal governments to increase investment in higher education.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWinner, Best Book in Education, PROSE Awards, Professional and Scholarly Publishing Division, Association of American Publishers\u003c\/p\u003e\u003cp\u003eA college education has long been acknowledged as essential for both personal success and economic growth. But the measurable value of its nonmonetary benefits has until now been poorly understood. In \u003ci\u003eHigher Learning, Greater Good\u003c\/i\u003e, leading education economist Walter W. McMahon carefully describes these benefits and suggests that higher education accrues significant social and private benefits. \u003c\/p\u003e\u003cp\u003eMcMahon's research uncovers a major skill deficit and college premium in the United States and other OECD countries due to technical change and globalization, which, according to a new preface to the 2017 edition, continues unabated. A college degree brings better job opportunities, higher earnings, and even improved health and longevity. Higher education also promotes democracy and sustainable growth and contributes to reduced crime and lower state welfare and prison costs. These social benefits are substantial in relation to the costs of a college education. \u003c\/p\u003e\u003cp\u003eOffering a human capital perspective on these and other higher education policy issues, McMahon suggests that poor understanding of the value of nonmarket benefits leads to private underinvestment. He offers policy options that can enable state and federal governments to increase investment in higher education.\u003c\/p\u003e\u003cp\u003eAn important contribution that not only provides a diagnosis of the main problems facing US higher education but also offers some solutions.--\u003ci\u003eTimes Higher Education Supplement\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eA must-read for students interested in the economics of higher education and should be included as a required reading in such courses.--\u003ci\u003eJournal of Higher Education\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eThis extraordinary book patiently, thoughtfully, and thoroughly provides the conceptual framework for understanding the higher education market, the empirical findings about what that market produces and the policy prescriptions needed to make it work better in the future.--\u003ci\u003eReview of Higher Education\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eNo one else before McMahon has systematically and comprehensively presented the whole picture of higher education benefits and provided a valuation of the private and social non-market benefits.--\u003ci\u003eHigher Education\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eThe overwhelming success of this work is that McMahon has articulated clearly and succinctly what students, their families, and governments are getting for their investment in higher education.--\u003ci\u003eJournal of Education Finance\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eThe first book to systematically identify and develop the evidence necessary to measure comprehensively the benefits of higher education and to estimate their economic value.--\u003ci\u003eRorotoko\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eThis is a significant contribution to both theory and research findings in the study of investment in higher education . . . Highly recommended.--\u003ci\u003eChoice\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003eA timely and insightful text . . . Academic advisors who want to show their students that a college degree offers benefits beyond starting salaries and career opportunities will find this book to be a valuable resource.--\u003ci\u003eNACADA Journal\u003c\/i\u003e\u003c\/p\u003e--Stanley O. Ikenberry, Professor and Former President, University of Illinois, and Former President of the American Council of Education \"Rorotoko\"\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWinner, Best Book in Education, PROSE Awards, Professional and Scholarly Publishing Division, Association of American Publishers\u003c\/p\u003e\u003cp\u003eA college education has long been acknowledged as essential for both personal success and economic growth. But the measurable value of its nonmonetary benefits has until now been poorly understood. In \u003ci\u003eHigher Learning, Greater Good\u003c\/i\u003e, leading education economist Walter W. McMahon carefully describes these benefits and suggests that higher education accrues significant social and private benefits. \u003c\/p\u003e\u003cp\u003eMcMahon's research uncovers a major skill deficit and college premium in the United States and other OECD countries due to technical change and globalization, which, according to a new preface to the 2017 edition, continues unabated. A college degree brings better job opportunities, higher earnings, and even improved health and longevity. Higher education also promotes democracy and sustainable growth and contributes to reduced crime and lower state welfare and prison costs. These social benefits are substantial in relation to the costs of a college education. \u003c\/p\u003e\u003cp\u003eOffering a human capital perspective on these and other higher education policy issues, McMahon suggests that poor understanding of the value of nonmarket benefits leads to private underinvestment. He offers policy options that can enable state and federal governments to increase investment in higher education.\u003c\/p\u003e\u003cp\u003e\"An important contribution that not only provides a diagnosis of the main problems facing US higher education but also offers some solutions.\"--\u003ci\u003eTimes Higher Education Supplement\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"A must-read for students interested in the economics of higher education and should be included as a required reading in such courses.\"--\u003ci\u003eJournal of Higher Education\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"This extraordinary book patiently, thoughtfully, and thoroughly provides the conceptual framework for understanding the higher education market, the empirical findings about what that market produces and the policy prescriptions needed to make it work better in the future.\"--\u003ci\u003eReview of Higher Education\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"No one else before McMahon has systematically and comprehensively presented the whole picture of higher education benefits and provided a valuation of the private and social non-market benefits.\"--\u003ci\u003eHigher Education\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"The overwhelming success of this work is that McMahon has articulated clearly and succinctly what students, their families, and governments are getting for their investment in higher education.\"--\u003ci\u003eJournal of Education Finance\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"The first book to systematically identify and develop the evidence necessary to measure comprehensively the benefits of higher education and to estimate their economic value.\"--\u003ci\u003eRorotoko\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"This is a significant contribution to both theory and research findings in the study of investment in higher education . . . Highly recommended.\"--\u003ci\u003eChoice\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"A timely and insightful text . . . Academic advisors who want to show their students that a college degree offers benefits beyond starting salaries and career opportunities will find this book to be a valuable resource.\"--\u003ci\u003eNACADA Journal\u003c\/i\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eWalter W. McMahon\u003c\/b\u003e is emeritus professor of economics and emeritus professor of education at the University of Illinois at Urbana-Champaign. He is the author of \u003ci\u003eEducation and Development: Measuring the Social Benefits\u003c\/i\u003e.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 432\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.3 x 9 x 6.3 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 01, 2009\u003c\/div\u003e\n            ","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47512160075954,"sku":"9780801890536","price":90.54,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/Fx_xslYQ6F9780801890536.webp?v=1779683695","url":"https:\/\/box.dadyminds.org\/products\/higher-learning-greater-good-the-private-and-social-benefits-of-higher-education-hardcover","provider":"DADYMINDS BOX","version":"1.0","type":"link"}