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| Author: | Jickeli, J. |
| Title: | The Role of Markets and Government in Human-Capital Building and Education: A Research Program in Institutional Economics |
| Journal: | Journal of Institutional and Theoretical Economics
2001 : MAR, VOL. 157:1, p. 87-107 |
| Index terms: | MARKETS GOVERNMENT EDUCATION RESEARCH INSTITUTIONAL ECONOMICS |
| Language: | eng |
| Abstract: | This paper asks what role the state should play in education. Institutional economics has not entered this debate. To change this, the paper tries to give an outline for further research. First, it gives reasons why pure market solutions will probably fail. Then the author sets forth some special features of education that are to be considered in an economic analysis. Then three basic questions are analyzed: (1) should here be compulsory schooling? (2) Should the state finance schools? (3) Should schools be subjected to special regulations? To answer these questions, the educational process is divided into three levels. It is argued that the role of government should decrease with rising level. |
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