Francis Wayland: Perspectives of a Nineteenth Century Political Economist on the "Business" of Higher Education
The Reverend Francis Wayland, author of the most widely-read textbook on political economy in pre-Civil War America, was persuaded that higher education should be guided by market principles. Using arguments derived.from classical economics, he diagnosed shortcomings in the U.S. collegiate system of the first half of the nineteenth century. His proposed remedies had sweeping ramifications for faculty compensation, for the program of studies, and for the allocation of institutional resources. This paper establishes linkages between his thought as an economist and as an educational reformer. As president of Brown University, Wayland translated his ideas on academic organization and management into practice in the 1850s. The results of that experiment in applied economics are examined.
Volume (Year): 18 (1992)
Issue (Month): 2 (Spring)
|Contact details of provider:|| Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA|
Phone: (201) 684-7346
Web page: https://www.quinnipiac.edu/eea/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:18:y:1992:i:2:p:133-141. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.