Economics Dictionary of ArgumentsHome
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| Education: Education is the process of acquiring knowledge, skills, and values. It helps us to understand the world around us and to make informed decisions. See also Knowledge, Second Nature._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Adam Smith on Education - Dictionary of Arguments
Otteson I 51 Education/Adam Smith/Otteson: Smith(1) considers that the only aspects of education that everyone would need, regardless of the occupation or field or industry into which one goes, is reading, writing, and what he calls "accounting," or arithmetic. The necessity of anything beyond that would depend on one's particular needs given the field in which one works - and would thus be different for different people. Thus Smith suggested that public funding (…) might be a justifiable government intervention, but nothing beyond that. Hence: primary schooling only. In addition, however, he thought the public subsidy should be less than half the total cost - the rest being borne by the students themselves (or their families or sponsors) - to make sure that incentives are aligned properly. Teachers, Smith thought, would, like anyone else, naturally pay more attention to whoever is paying the majority of their fees. If that is the government, they will pay more attention to, and be more solicitous of, the government than they would be of students. If, on the other hand, students (or their families or sponsors) pay the majority of their fees, teachers will naturally pay more attention to the students (families, sponsors) - which they should. Hence: partial subsidization only. >Social policy/Adam Smith. 1. Smith, Adam. (1776) The Wealth of Nations. London: W. Strahan and T. Cadell._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSmith I Adam Smith The Theory of Moral Sentiments London 2010 EconSmithV I Vernon L. Smith Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009 Otteson I James R. Otteson The Essential Adam Smith Vancouver: Fraser Institute. 2018 |
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