Education and Economics: Disciplinary Evolution and Policy Discourse

Hardcover | October 28, 2012

bySaumen Chattopadhyay

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Education is increasingly being viewed as central to issues of development like productivity, income distribution, employment, and knowledge as an input to production. This book deconstructs the interface between economic theory and education in order to unravel how education contributes tosocio-economic development in India. Moving beyond the neo-classical approach, it uses alternative theoretical perspectives to analyse the linkages between education and society. With a unique blend of theory and policy, the author covers a wide range of issues such as* the relationship between quality of education and economic growth;* a critical overview of the input-output approach and human capital theory;* education as a public good; * the specific features of the education market, the nature of competition in this market, and the role of the government;* funding, delivery, and regulation of education; * the role of the public and private sectors, and an evaluation of various Bills currently under consideration in the Parliament; and* globalizing higher education and the entry of foreign education providers.The book underlines that the key challenge lies in reconciling the objectives of attaining efficiency in resource use and competitiveness in the emerging global knowledge economy with that of realizing inclusive growth.

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Education is increasingly being viewed as central to issues of development like productivity, income distribution, employment, and knowledge as an input to production. This book deconstructs the interface between economic theory and education in order to unravel how education contributes tosocio-economic development in India. Moving be...

Saumen Chattopadhyay is Associate Professor, Zakir Husain Centre for Educational Studies, School of Social Sciences at Jawaharlal Nehru University in New Delhi.
Format:HardcoverDimensions:320 pages, 8.46 × 5.51 × 0.1 inPublished:October 28, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198082258

ISBN - 13:9780198082255

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Table of Contents

List of Tables and FiguresPrefaceAcknowledgementsAbbreviations1. An Introduction2. The Human Capital Approach to Education3. Technology, Knowledge, and Growth4. Input-Output Analysis: The Concept of Production Function in Education5. A Critique of the Human Capital Theory: Various Perspectives6. Education as a Public Good7. Concept of Market and Market Failure in Education8. Economics of Education Policy9. Challenges Facing Indian Education and Policy InitiativesBibliographyIndex