After receiving his PhD in 1970, the author has spent almost 30 years conducting research on the economics of higher education, chairing faculty budget committees at Cornell, serving as a Cornell vice president and then as a trustee of both Cornell and SUNY, and being associated with innumerable national commissions and higher education…

Endowments of major universities such as Cornell have received much attention over the past few years. Last academic year, the U.S. Senate Finance Committee launched an investigation into the finances of universities with endowments that exceeded $500 million dollars and required all of these universities to file reports detailing their finances.…

This book explores the causes of tuition inflation, using Cornell University (New York) as a prototypical institution. There are 9 sections with 20 chapters. Section 1, "Setting the Stage," includes (1) "Why Do Costs Keep Rising at Selective Private Colleges and Universities?" and (2) "Who Is In Charge of the…