Prepared by a group of leading international scholars, the chapters investigate the multiple interconnections between higher education and society and the vast range of social, economic, political and cultural functions carried out by universities, colleges and institutes and their personnel. The benefits of higher education include employable graduates, new knowledge via research and scholarship, climate science and global connections, and the structuring of economic and social opportunities for whole populations, as well as work and advice for government at all levels. Higher education not only lifts earnings and augments careers, it also immerses students in knowledge, helps to shape them as people, and fosters productivity, democracy, tolerance and international understanding. The book highlights the value added by higher education for persons, organisations, communities, cities, nations, and the world. It also focuses on inequalities in the distribution of that value, and finds that the tools for assessing higher education are neither adequate nor complete as yet.

International and interdisciplinary in scope, this book will prove an invaluable resource to students and scholars of higher education, educational policy and social policy. It will also prove a useful resource to both university executives and tertiary education policymakers who want to make higher education more effectively accountable to the public.