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The Economics of Education

reviewed by Charles L. Skoro - 1981

coverTitle: The Economics of Education
Author(s): Elchanan Cohn
Publisher: John Wiley, New York
ISBN: , Pages: , Year:
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Educators and economists have known for some time that learning about one's language, history, and culture and gaining a worthwhile skill can be expensive and time-consuming. They have known that the amount of time available in a day or a week or a lifetime is limited. They have known that those with more schooling and other sorts of training earn more on average. They have known that schools can be run poorly or well. But the full force of such knowledge and other equally obvious bits of information seems not to have hit the economics profession until the late 1950s and the 1960s. It was around then that one started. hearing the term "human capital" and there was talk of the "human investment revolution in economic thought"-a revolution that has had and will continue to have implications for education.1 The early work of the "revolution" was devoted largely to examining the... (preview truncated at 150 words.)

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Cite This Article as: Teachers College Record Volume 83 Number 1, 1981, p. 128-132
https://www.tcrecord.org ID Number: 745, Date Accessed: 6/21/2021 6:48:06 PM

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About the Author
  • Charles Skoro
    Rutgers University
    Charles L. Skoro holds a Ph.D. in economics from Columbia University and is assistant professor at the Graduate School of Education, Rutgers University. He has done research on the role of prior schooling in on-the-job training of workers and the productivity of colleges and universities.
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