Lazerson considers the successes of higher education in the US and how this has also bred discontent. He traces the development of higher education from the last half of the twentieth century, and considers why the expansion occurred, how it became an industry, and the increasing role of education in job attainment, as well as problems like rising costs, debates about the economic worth of higher education, and the decline in its civic, moral, and intellectual purposes. He also discusses changes in governance to a more business-like model, the managerial imperatives colleges face, changes to curriculum and research, and reform.
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