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

Deductive and inductive methods, what are the merits and demerits of deduct...

what are the merits and demerits of deductive inductive methods in economic analysis?

Marinal utility by marhalls , a project report on marshalls marginal utilit...

a project report on marshalls marginal utility analysis

Is 101 module 4, As you know, Northern Nevada Green Coalition is interested...

As you know, Northern Nevada Green Coalition is interested in showing how green energy production can help to grow and diversify Nevada's economy. In order to do that, we need to a

EM13106443, May I get a quote on order number EM13106443. Thanks

May I get a quote on order number EM13106443. Thanks

Demand and supply, what will be the effect on price and quantity when suppl...

what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?

Nature, explain nature of microeconomic

explain nature of microeconomic

Economic profit in a monopoly 2006 ap exam, is it just assumed that a monop...

is it just assumed that a monopoly graph is showing economic profit instead of accounting profit

Rational expectations- inflation unemployment trade-off , Rational Expectat...

Rational Expectations- Inflation Unemployment Trade-off : Now, consider what happens if we suppose that workers have rational expectations about the rate of inflation First, th

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