publication . Article . 2015

The History of Educational Finance

Anne Berg; Samuel Edquist; Christin Mays; Johannes Westberg; Andreas Åkerlund;
Open Access English
  • Published: 01 Jan 2015
  • Publisher: Uppsala universitet, Institutionen för pedagogik, didaktik och utbildningsstudier
  • Country: Sweden
The study of the economics of education has a history that can be regarded as long, or short, depending on the perspective. As early as the eighteenth and nineteenth century, physiocrats and classical economists dealt with education as an economic phenomenon.1 However, it was first in the middle of the twentieth century that education became a fundamental issue in the science of economics, due in large part to human capital theory which, among many other things, highlighted the impact of educational attainment on economic growth.2 One of the key areas of research within the field of education economics is the study of educational finance. In the OECD countries, the expected length of five-year old child’s education in the year 2000 was 16.8 years, representing more than onefifth of a child’s life expectancy. In addition, an increasing number of these individuals are internationally mobile during their education. The funding of this lengthy and geographically diverse education entails enormous costs. In 2004, it was reported that the OECD countries spent an average of 5.8 percent of their GDP on education alone.3 Issues regarding the funding of such immense costs have generated research on topics such as the effects of the marketisation of education, and the balance between national, regional and local funding of education.4 Some of this research is, as will be discussed below, historical in nature. The articles in this special issue discuss the
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Sustainable Development Goals (SDG)
1. No poverty, 8. Economic growth
free text keywords: historia, utbildningshistoria, skolfinansiering, högre utbildning, folkbildning, History, History, Education, Social history, Social science, Educational attainment, Economic growth, Life expectancy, Sociology of Education, Education economics, Education theory, Intellectual history, Political science, Political history, lcsh:History of education, lcsh:LA5-2396
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