The political economy of educational content and development: lessons from history

Davide Cantoni and Noam Yuchtman

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Beyond years of schooling, educational content can play an important role in the process of economic development. Individuals' choices of educational content are often shaped by the political economy of government policies that determine the incentives to acquire various skills. We first present a model in which differences in human capital investments emerge as an equilibrium outcome of private decisions and government policy choices. We then illustrate these dynamics in two historical circumstances. In medieval Europe, states and the Church found individuals trained in Roman law valuable, and eventually supported productive investments in this new form of human capital. In late 19th-century China, elites were threatened by the introduction of Western science and engineering and continued to select civil servants—who enjoyed substantial rents—based on their knowledge of the Confucian classics; as a result, investments in productive, modern human capital were not made.

Keywords: educational content; educational institutions; political economy; development (search for similar items in EconPapers)
JEL-codes: I2 N30 O11 O4 (search for similar items in EconPapers)
Date: 2013-09
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Citations: View citations in EconPapers (31)

Published in Journal of Development Economics, September, 2013, 104, pp. 233-244. ISSN: 0304-3878

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Journal Article: The political economy of educational content and development: Lessons from history (2013)
Working Paper: The Political Economy of Educational Content and Development: Lessons from History (2013)
Working Paper: The political economy of educational content and development: Lessons from history (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:91507

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