This book is a survey of the principal aspects of the economics
of education, such as the demand for education as consumption and
as an investment, good education and economic growth, education and
manpower needs, and the finance of education. In some cases in
recent years, economic theory has been applied to educational
problems in order to gain an insight into the workings of the
educational system. The result has been a certain amount of
confusion and distrust among teachers and educationists: confusion
because some theoretical aspects are not easily understood and
distrust of the economist 's intrusion into educational
policy-making. This book overcomes these problems by making minimal
demands on prior knowledge of economics and by emphasizing the
limitations of economic analysis applied to policy matters.
General
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