Economics of Education

Japanese: 教育の経済学 - きょういくのけいざいがく

A field of applied economics that examines the economic aspects of education using the logic and methods of economics (such as cost-benefit analysis). In particular, it examines the effect of education on the quality of workers, so it has a lot of overlap with human capital theory. Economists in the 19th century, such as J. H. von Thünen and A. Marshall, focused on the effect of education on improving the quality of workers, but after World War II, as economic development became a concern for many countries, the economic effects of education were rediscovered, and the economics of education began to develop rapidly in the 1960s.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

教育のもつ経済的側面を経済学の論理や手法(たとえば費用･便益分析)を用いて考察しようとする応用経済学の一分野。とくに教育の労働者の質に与える効果を考察するので，人的資本理論と重なり合うところが多い。教育の労働者の質を高める効果は，19世紀の経済学者，たとえばJ.H.vonチューネンやA.マーシャルらが注目していたが，第2次大戦後，経済発展が各国の関心事になるにつれて教育の経済的効果が再認識され，1960年代に入ってから教育の経済学は急速な展開をみるに至った。

出典　株式会社平凡社世界大百科事典第２版について　情報

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