Round Robbins

To devote resources to the training of young people may be, au fond, as much entitled to be considered a process of investment as devoting resources to directly productive capital goods. Judged solely by the test of future productivity, a community that neglects education is as imprudent as a community that neglects material accumulation.

The Robbins Report, or 'the Report of the Committee on Higher Education,' published 50 years this month. Robbins dismissed the idea of financing higher education through loans, and concluded that the opportunity for a university place "should be available to all who were qualified for them by ability and attainment."