A Critique of the usage of Economic Theory as a way to Manipulate Financial Aid Deals in the American Higher Education


higher education happens to be going right through an ethical re-evaluation

in how it admits and educates its college students. One problem is whether or

not to work with yield predictions to immediate money from school funding

packages towards other very good purposes such as for example increasing faculty

salaries. I argue that making use of financial theory alone is

insufficient when deciding if it's moral for establishments of higher

education to reallocate school funding funding because, although a

university should be worried about finances, its primary goal is

to fairly assist learnersРІР‚в„ў goals of obtaining an education.

Appropriating applicant information to learn how exactly to give potential

students the smallest amount dollar quantity shifts the institutions

objective from furthering understanding to a product sales negotiation.

I concern the usefulness of the monetary approach in guiding and predicting moral patterns because what's moral isn't always the most functional. Rather than being a style of what behavior is considered right or incorrect like morality, the economical approach models a wide selection of human behavior regarding maximizing utility in virtually any given market. These marketplaces go beyond what's considered traditional, including the gasoline industry, and includes markets which range from marriage, individuals, countries, to organ donations. The economic approach posits that the