ABSTRACT
This paper discusses the funding of higher education, starting (Section II) with the theoretical answers to a number of key questions. Section III sets out alternative funding packages, and Section IV considers recent developments in a number of countries. To make such a vast topic manageable, the paper is limited in several ways. It discusses the funding but not the production of higher education. It does not discuss the nature of the ‘product’, nor the specific issues raised by the funding of research. It looks only at advanced industrialised economies.2 Finally, it attempts to be systematic in surveying broad options, but not in surveying countries.
