Determinants of social demand for education - excellence, Microeconomics

Assignment Help:

Determinants of Social Demand for Education - Excellence

Apart from the three considerations identified by Prof. Musgrave for public investments in education and discussed above (viz. equity, economies of scale and externalities), there is an important perspective from which state investments, especially in the field of higher education and research become imperative and that is ‘excellence’. In fact, concern for pursuit of excellence in higher education and national development prompted the United States to set up a commission on higher education with Mr Bell, Secretary of State for Education, as its Chairman in 1981.

The Commission submitted its report entitled ‘A Nation at Risk’ in 1983 wherein it identified the declining standards in higher education. A large number of articles on excellence in education appeared in several leading educational journals following the publication of this report. Excellence in national life in the fields of science and technology, defence, industrial production, agriculture, trade and business cannot be achieved in a vacuum. It is a subtle and complex process that should begin at lower levels of life with education and later run through the whole of formal and non formal systems of learning.

Research and dissemination of knowledge is integral to this effort. Private enterprise will definitely spend on research and development. But this will be on such programmes which are of direct relevance to the stepping up of the quality/profits of their products. They may hardly display interest, with some honourable exceptions, for research in ‘Pure Sciences’. Hence, pursuit of excellence and creativity is another factor which goes to determine public investments in education.


Related Discussions:- Determinants of social demand for education - excellence

Fresnel approximation of a spherical wave, Show that when a plane wave is t...

Show that when a plane wave is transmitted through a thin lens of focal length f in the direction parallel to the optical axis of the lens, its converted into a paraboloid wave (th

Income and Substitution effect for normal goods, Mamun has a weakly income ...

Mamun has a weakly income of 600 dollars. Price of chocolate is 5 dollar and price of potato is taka 10. Both are normal goods. Show the income and substitution effect for each of

Rational producer, would a rational producer be concerned with the average ...

would a rational producer be concerned with the average or marginal product of an input in dec

Explain about sustainable development, Why might economic growth not be com...

Why might economic growth not be compatible with sustainable development? Define economic growth; enhance in national income during a time period. Explain sustainable developme

Explain the meaning of poverty, Problem 1: (a) Explain the meaning of ...

Problem 1: (a) Explain the meaning of poverty. Briefly explain how poverty is measured? (b) Clearly explain the relationship between Poverty, Inequality and Economic Growt

Explain supply of the commodity, The law of supply is that producers will s...

The law of supply is that producers will supply more the higher the price of the commodity.  The supply curve is an upward sloping function showing a direct relationship among pric

Malthus and the food crisis, Malthus and the Food Crisis - Malthus pred...

Malthus and the Food Crisis - Malthus predicted starvation as diminishing returns limited agricultural output and the population continued to grow. - Why did Malthus' predic

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd