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By M. Blaug, G. Chandler

ISBN-10: 0080206271

ISBN-13: 9780080206271

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Its Background, Structure and Operation. N . Y . , 1960. Pp. 512. A good example of the approach in teaching educational finance in American Teachers Colleges emphasising the administrative and accounting aspects of finance at the expense of the economic aspects. 146 J. B. LANSING, T. LORIMER, C. MORIGUCHI, How People Pay for College. Survey Research Center. Institute for Social Research. University. Ann Arbor, Mich. : SRC, 1960. Pp. 160. Michigan This study of the costs of higher education borne b y American parents is based o n 2 special social surveys conducted by the Survey Research Center.

VAIZEY, " Criteria for Public Expenditures on Education ", IEACEE. After a quick once-over-lightly review of the debate, Vaizey concludes : " l a m more agnostic on the matter of the contribution of education to economic growth than a number of more recent converts to the cause. I a m doubtful whether, in the long run, the concepts of education as * investment ' will prove m u c h of a guide on what * ought ' to b e spent on education 91 W . G . Bo WEN, " Assessing the Economic Contribution of Education : An Appraisal of Alternative Approaches ", Higher Education.

F. RENSHAW, " A Note on the Expenditure Effect of State Aid to Education ", JPE, April, 1960, pp. 170-74. 37 T H E ECONOMIC ASPECTS OF EDUCATION A refutation by means of multiple-regression analysis of a popular hypothesis in the literature on school finance, namely, that state aid largely substitutes for local finance, leaving total local expenditures on education unaffected. Cites several other studies of this relationship. 1961 1 4 8 C. D. HUTCHINS, D. A. STEINHILBER, Trends in Financing Public Education 1 9 2 9 - 3 0 to 1 9 5 9 - 6 0 .

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Economics of Education. A Selected Annotated Bibliography by M. Blaug, G. Chandler

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