The Education Market and the Talents of Young People

Francesco Farina
Additional contact information
Francesco Farina: Sapienza University of Rome

Chapter Chapter 12 in The Rise of Inequality and the Fall of Social Mobility, 2025, pp 367-390 from Springer

Abstract: Abstract “A poor school is always the sign of a poor democracy” (Scotellaro 1951). It is also for this reason that Nelson Mandela’s famous phrase, “education is the most powerful weapon you can use to change the world”, is considered the torch of hope for the redemption of democracy. The more social mobility is rigid, the more Mandela’s phrase gains significance. Education, as mentioned at the beginning of the previous chapter, owes its nature as a merit good to the peculiar characteristic of raising both individual and collective well-being. In addition to the increase in an individual’s education, there are the multiple benefits that the community obtains by virtue of the “positive externality” represented by the greater diffusion of knowledge in the population that the public education system ensures.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-92843-7_12

Ordering information: This item can be ordered from
http://www.springer.com/9783031928437

DOI: 10.1007/978-3-031-92843-7_12

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().