"America's educational system excels in at least one area: university-based research. Why? Miguel Urquiola, an economist of education, argues that the key is that the United States takes a free market approach to education. Urquiola begins by showing how dominant American universities are in...

Countering recent arguments that we should "unbundle" or "disrupt" higher education, Jason Owen-Smith argues that research universities are unique gems that deserve our financial and social support. While they are complex and costly, their enduring value is threefold: they simultaneously act as...