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8/8/2019 India Tilak
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19/2313-Jan-10 Tilak/Econommic Crisis & Higher Edn27
Changing Attitudes
about EducationOLD NEW Public good
Private goodMerit good
Non-merit goodSocial service
Commercial/tradable good
For welfareFor profit
For national development
For individualprofit
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# 6: Overall Changes in EducationSystems
INTO OBLIVION Public education
Private State financing
institutionPrivate Governmentrecognised instns
Private instns based on
philanthropy (non-profitmaking)
Scholarly academic disciplinesof study
INTO FOREFRONT
Private education
Private Self financing
institutionsPrivate instns with- outGovt recognition
Profit making private
institutionsCommercially viablecourses of study
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# 7: Importance of Education
dramatically increases* Education is the best cushion to deal with
disequilibria (Theodore Schultz ) caused by allshocks, including international shocks (e.g.,East Asia)
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l k h d
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