Michael S. McPherson

W. Van Alan Clark Third Century Professor of Economics

Ph.D., Chicago University, 1974

Economics of education, financial aid policies in higher education, economic philosophy, income distribution, and inheritance.

Michael McPherson, "Taking Ethics Seriously: Recent Research on the Relations between Economics and Moral Theory," (with Daniel M. Hausman) Journal of Economic Literature, July, 1993.
___________, Paying the Piper: Productivity, Incentives and Financing in American Higher Education, with Morton Owen Schapiro and Gordon C. Winston, The University of Michigan Press, Ann Arbor, Michigan, 1993.
___________, Keeping College Affordable: Government and Educational Opportunity, with Morton Owen Schapiro, The Brookings Institution, Washington, D.C., August, 1991.
__________,"Rethinking the Role of the States and the Federal Government," Brookings Review, July, 1991.
__________, "The Student Finance System for Undergraduate Education: How Well Does It Work?" Change Magazine, May/June, 1991.
__________"Does Student Aid Affect College Enrollment? New Evidence on a Persistent Controversy," (with Morton Owen Schapiro), American Economic Review, March, 1991.
__________, Selective Admission and the Public Interest (with Morton Owen Schapiro), The College Board, New York, 1990.
__________, "Recent Trends in U.S. Higher Education Costs and Prices: The Role of Government Funding" (with Morton Owen Schapiro and Gordon C. Winston), American Economic Review Papers and Proceedings, Vol. 79, No. 2, May, 1989, pp. 253-257.
__________, "Appearance and Reality in the Guaranteed Student Loan Program," in Federal Student Loans: Prospects and Policy Alternatives, College Board: New York, 1989.