Privatisation and university education: what is at stake?


Ευκλείδης Τσακαλώτος
Abstract

This article examines the nature of education as a good. It first discusses the approach in the economics literature and argues that while education does not constitute a public good in the narrow technical sense, it has a wider number of characteristics that mean it is a very non-ordinary type of good. An examination of the non-economics literature underlines the special nature of education as a good. For this reason, this article provides little comfort for those who argue that privatisation and market solutions in general can help transform university education.

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