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Economic Theories of Educational Planning (1972)

In: Tackling Inequality

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  • Richard Layard

Abstract

There are two main schools of thought on educational planning. One says that education should adjust to the demand for manpower in the labour market; the other that it should satisfy the private demand for education perse. Each school is again divided. Manpower specialists differ on whether to do rate-of-return analysis or manpower forecasting; while those who believe in satisfying the private demand for education disagree about criteria for financing, on which the private demand depends.

Suggested Citation

  • Richard Layard, 1999. "Economic Theories of Educational Planning (1972)," Palgrave Macmillan Books, in: Tackling Inequality, chapter 15, pages 283-309, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37528-4_15
    DOI: 10.1057/9780230375284_15
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    Cited by:

    1. Ibarra-Olivo, J. Eduardo, 2021. "Foreign direct investment and youth educational outcomes in Mexican municipalities," Economics of Education Review, Elsevier, vol. 82(C).

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