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- W103768172 abstract "This chapter discusses the economic contribution of education. Of all the branches of the economics of education, the production approach of measuring the contribution of education to economic growth presents the most serious difficulties to the average student: it is impossible to understand what it is all about without a knowledge of the marginal productivity theory of distribution and a firm grasp of the concept of a production function. Therefore, before plunging into the literature, he is well advised to consult the chapter on the theory of production in one of the standard textbooks of economic theory, and because the concept of a production function is a mathematical one, the relevant pages in a book like Mathematical Analysis for Economists is a must. The student should not go forward until he feels sure he has understood the properties of linear homogeneous production functions in one of its simpler varieties, such as the so-called Cobb–Douglas function." @default.
- W103768172 created "2016-06-24" @default.
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- W103768172 date "1966-01-01" @default.
- W103768172 modified "2023-09-26" @default.
- W103768172 title "THE ECONOMIC CONTRIBUTION OF EDUCATION" @default.
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- W103768172 doi "https://doi.org/10.1016/b978-0-08-020627-1.50007-4" @default.
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