Abstract
This article begins with an examination of the opening up of higher education to market forces and the main channels of funding. It then turns to an examination of Finnish higher education expenditure, and the allocation systems for financing it, stressing the funding of research. A basis is thus provided for a discussion of the current debate within the Finnish universities on the relationship between investment and results, and on the absence up to now of opportunities for market competition. Finally, the article comments on the transformation of studying into a form of salaried employment and of teaching into routine labour.