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The Knowledge Capital of Nations: Education and the Economics of Growth (CESifo Book Series)


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#1231603 in eBooks 2015-04-24 2015-04-24File Name: B00WAUICTE3 of 3 people found the following review helpful. Adding Pupil Seat Time Is A Poor Contributor to Economic Performance, Building Knowledge Is a Far-Better InvestmentBy Loyd EskildsonErick Hanushek is a leader in education research, starting with a focus on class-size, then moving to 'value-added' assessments of teachers, and now onto the link between more schooling and a nation's economic growth. Getting to a credible answer took the authors nine years longer than originally planned. The good neKnowledge is the foundation of economic prosperity. Sensible as it sounds, this idea has been sidelined recently by studies that find measures of educational attainment to be poor predictors of economic growth and by explanations that focus on the quality of legal and political institutions insteadIn this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provi...

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