The balance wheel hypothesis-a classic tenet of USA state-level policy analysis that suggests state funding for higher education varies in response to macroeconomic cycles-has held up to scrutiny over time. However, new social conditions within the Republican Party, namely growing hostility toward independent institutions, call for a more nuanced understanding of the relationship between state budgets and higher education. Drawing on recent research in political science and political economy, we conceptualize declining state appropriations to higher education in Republican-dominated U.
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