The Business Side of a University

Abstract

UP to the present time the development of the American university system has proceeded mainly by the multiplication of universities, and by increase in their endowments. The cost of university education has, however, steadily risen everywhere; and while it has been possible up till now to provide for expansion by increased contributions of funds from outside, it is clear that a limit exists to the possibili ties of further increase. It follows that the question as to whether the efficiency of American universities can be increased by a better use of their existing re-osources is an important question which may become urgent in the future, even if it has not done so in the past.