Talk:Underconsumption

Socialism Low‑importance

	Socialism portal This article is within the scope of WikiProject Socialism, a collaborative effort to improve the coverage of socialism on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.SocialismWikipedia:WikiProject SocialismTemplate:WikiProject Socialismsocialism articles
Low	This article has been rated as Low-importance on the project's importance scale.

Economics

	Business and economics portal This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles
???	This article has not yet received a rating on the project's importance scale.

[Untitled][edit]

For the word 'underconsume':

People will underconsume because they are unwilling to pay for benefits that accrue to society at large. They will underconsume because they don't understand the benefits of higher education, they are unable to properly evaluate long-term benefits, and those who enjoy the bulk of the benefits are not usually in a position to finance the expenditure themselves. All of these factors suggest that government subsidies designed to increase participation in higher education may increase economic efficiency

The discussion is from http://www.ed.gov/offices/OPE/PPI/FinPostSecEd/baum.html

By Sandy Baum, October 1995

In his work: The Federal Role in Financing Higher Education: An Economic Perspective

Form Book: Financing Postsecondary Education: The Federal Role -