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Economics of Education

C.S. Nagpal, A.C. Mittal (eds.)

ISBN 10: 8170418143 / ISBN 13: 9788170418146
Published by Anmol Publications Pvt. Ltd., 1993
New Condition: New Hardcover
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The economic aspects of Education like the costs, benefits or the rate of return did not sufficiently engage the attention of the classical and neo-classical economists. They accorded only a peripheral importance to economic considerations of educational activity. They also treated educational expenditure as social investment and allowed them to be determined residually. The reasons for indifference towards economics of education on the part of the early economists arise from their feeling that they cannot be impartial and objective in the treatment and analysis of an all embracing subject like education. Economics of education is not merely financing and costing of educational places. It is concerned with the question of the impact of education on such phenomena as the occupational structure of labour force, contents of courses in relation to the recruitment and promotion practices of employers, the migration of skilled labour between regions within a country and between different countries, distribution of personnel and income, the propensity to save out of current income and most general of all prospects of economic development. The economics of education has contact point with labour economics, public sector economics, welfare, development theory and growth. Education is only one type of investment in human-beings. It covers not only formal education, but out of this in the form of labour training adult education, extensions programmes. Etc. which cannot be left out of account in any discussion of the subject. This book is a significant contribution to the study of education. Printed Pages: 356. Bookseller Inventory # 31627

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Bibliographic Details

Title: Economics of Education

Publisher: Anmol Publications Pvt. Ltd.

Publication Date: 1993

Binding: Hardcover

Book Condition:New

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