General Problems of the Economics of Education

G. U. Papi
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G. U. Papi: University of Rome

Chapter Chapter 1 in The Economics of Education, 1966, pp 3-23 from Palgrave Macmillan

Abstract: Abstract Among the factors of production there are two — labour and entrepreneurial ability — which lend themselves to improvement by education in the widest sense, including training. Education (a) makes people more receptive to inventions and innovations; (b) promotes the division of labour and the use of machinery; (c) permits increasingly advantageous combinations of factors of production as compared with those in which the human factors are of lesser quality; (d) makes it possible for any new technical discovery to be brought into operation with little or no delay; (e) promotes, both in the domestic economy and on an international scale, a far-reaching mobility of labour and of entrepreneurial ability; (f) ensures that those individuals who are responsible for making major technical, economic and political decisions possess the width of knowledge and the breadth of view, which, associated with a high moral sense, enable them to avoid potentially dangerous mistakes.

Keywords: National Income; Education Service; Mass Civilization; Educational Service; Technical Discovery (search for similar items in EconPapers)
Date: 1966
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08464-7_1

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DOI: 10.1007/978-1-349-08464-7_1

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