The Concept of Public Goods, the State, and Higher Education Finance: A View from the Brics

SSRN Electronic Journal ◽

10.2139/ssrn.2289126 ◽

2013 ◽

Author(s):

Martin Carnoy ◽

Isak Froumin ◽

Prashant Loyalka ◽

Jandhyala B.G. Tilak

Keyword(s):

Higher Education ◽

Public Goods ◽

Education Finance ◽

Higher Education Finance ◽

The State

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The concept of public goods, the state, and higher education finance: a view from the BRICs

Higher Education ◽

10.1007/s10734-014-9717-1 ◽

2014 ◽

Vol 68 (3) ◽

pp. 359-378 ◽

Cited By ~ 21

Author(s):

Martin Carnoy ◽

Isak Froumin ◽

Prashant K. Loyalka ◽

Jandhyala B. G. Tilak

Keyword(s):

Higher Education ◽

Public Goods ◽

Education Finance ◽

Higher Education Finance ◽

The State

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Bringing finance inside the state: How income-contingent loans blur the boundaries between debt and tax

Environment and Planning A Economy and Space ◽

10.1177/0308518x18764119 ◽

2018 ◽

Vol 52 (1) ◽

pp. 111-129 ◽

Cited By ~ 5

Author(s):

Gareth Bryant ◽

Ben Spies-Butcher

Keyword(s):

Higher Education ◽

United States ◽

Financial Markets ◽

Policy Instruments ◽

Education Finance ◽

The United States ◽

Higher Education Finance ◽

The State ◽

The World ◽

Hybrid Construction

Income-contingent loans are increasingly used by governments around the world to finance the costs of higher education. We use the case of income-contingent loans to explore how states are bringing the architecture of financial markets inside the state, disrupting conventional understandings of marketisation that are linked to concepts of commodification. We argue that income-contingent loans are hybrid policy instruments that combine elements of a state-instituted tax and a market-negotiated debt. We understand this hybrid construction in terms of the actors and mechanisms characteristic of what Polanyi identified in patterns of ‘redistribution’ and ‘exchange’. We then follow the contested mutations of income-contingent loans in Australia, England and the United States along three axes of hybridity that produce a variegated landscape of higher education finance: determining debt, charging interest and enforcing repayment. Our analysis reveals how, as processes of marketisation internalise financial ways of calculating and organising, states are blurring the boundaries between debts and taxes, redirecting political contestation over commodification.

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