The Economics of Education: 1st Edition (Paperback) book cover

The Economics of Education

1st Edition

By John Sheehan


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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.


Table of Contents

Introduction. 1 Resources in Education 2 The Demand for Education 3 Private Returns to Investment in Education 4 Social Returns to Investment in Education 5 Further Aspects of Rate of Return Analysis 6 Education and Economic Growth 7 Educational Policy and Planning 8 Education and Manpower 9 Education and the Labour Market 10 Teacher Supply and Demand 11 Educational Finance 12 Educational Efficiency and Productivity. Suggested Further Reading. Index.

About the Series

Routledge Library Editions: Education

Routledge Library Editions: Education consists of 244 volumes by some of the greatest educationalists, teaching professionals and policy makers of the twentieth century. The volumes are available in a set; in mini-sets themed by sub-discipline; or individually, in your choice of print or ebook.

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Subject Categories

BISAC Subject Codes/Headings:
EDUCATION / Educational Policy & Reform / General
EDUCATION / Philosophy & Social Aspects