ABSTRACT
Never before had higher education expanded as rapidly and universally as it did in the 1960s. University education in the industrially developed countries grew at annual rates ranging from 4.2 to 16.2 percent between 1960 and 1965. There is such a state of disorientation in higher education today. The rapid growth of demand for university training and research of the late fifties and early sixties led to rosy forecasts of insatiable needs for new graduates, and to a belief in a new alchemy capable of turning knowledge into gold or, at least, anything that gold can buy. During the last two years the acute crisis came to an end. With few exceptions, academic work at universities is back to normal. There is still no solution to the economic plight of higher education, but even in this respect there has been some stabilization in most countries, and the situation does not appear as hopeless as two or three years ago.
