Lookup NU author(s): Dr James Stanfield
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Frederic Bastiat and others have previously argued that one of the key differences between a good and a bad economist is whether they are prepared to take into account not just the immediate and visible effects of a policy intervention, but also the hidden costs and unintended consequences which accumulate over time. In the field of higher education, when these additional factors are taken into account it soon becomes clear that the £14.3 billion annual public subsidy is now doing more harm than good in one of the UK's most important service sectors. © 2010 The Author. Economic Affairs © Institute of Economic Affairs 2010.
Author(s): Stanfield J
Publication type: Article
Publication status: Published
Journal: Economic Affairs
Print publication date: 14/10/2010
ISSN (print): 0265-0665
ISSN (electronic): 1468-0270
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