This book examines the economic issues of education from an
unusually systematic and broad perspective. Although the book is
soundly based in economic theory, it is not heavily
mathematical.
Economic Dimensions in Education is designed to provide an
introductory analysis of economic issues in education both in
academic life and in the general community. Some of the issues
discussed include the nature and reasons for public sector activity
in education, the role education plays in providing skilled human
resources for an economy, and the economic consequences of
migration between countries of educated peoples. The book also
deals with various aspects of demand: patterns of educational
demand, individual demand for education as a form of social
investment for the community, and supply aspects of education as
related to types and sizes of educational establishments and
problems of ensuring the efficient provision of education.
There has been a growing interest in the economic aspects of
education. The considerable growth in the volume of educational
activity is now at the point where today education is one of the
largest industries in most countries and also one of the chief
employers of highly skilled personnel. The recognition that
education may have a significant influence on the employment and
income opportunities and hence affect the distribution of income
and wealth in society is also a factor. A final reason stems from
the post-war emphasis on economic growth and development, with
education playing an important role as a provider of skilled
personnel for an economy.
This classic volume is comprehensive, clearly written, and will
appeal to undergraduates and first-year graduate students. The
treatment is firmly embedded in economic theory and is must reading
for those professional economists concerned with education.
General
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