Question, shouldn't there be a quantified number for what the universities' turnover is, at least crudely and that this in turn yields an Efficiency number? I have written earlier for the support of education (yes, a plain standing, really), link: http://blog.t-lea.net/#post117. Fx. you can choose the sectors that require highly skilled workforce to determine an inital start for inquiry and see how these change each year with the number of graduates.
This concerns the sectors or the collected companies that you need to accumulate, i.e., these entities become the data set. This relates to, of course, the impact, the pure profit, that higher education, i.e., university and college, brings to the society! I think, if it hasn't already been quantified, that higher education can now, most certainly, BE quantified along the lines that I have described above. This relates, first and foremost, to the generation of wealth and industry OUTSIDE the bureaucracy/state/purely public service! I AM aware of the difficulties of setting a good number of value that an (effective) bureaucrat brings in terms of indirect value. The direct value/cost of a bureaucrat is very much concrete in terms of salary and "overhead" and has thus a definite value in economic terms!
From http://blog.t-lea.net/#post144 that I've written a while ago.
What is your opinion?
Cheers!
