Comparative Economic Perspectives on Education
Education has been viewed variously by different disciplines and different people. Earlier education occupied a sacred space and it was highly out of reach of common people and masses. With the advent of industrialization and economic progress it became a means of skill formation. The skill aspect was later on termed as human capital component comparative to physical capital in machines and instruments. Since the days of classical economics this added component of economic value has occupied prime importance. However non-mainstream perspectives like the dialectical and subaltern ones make a critique of mainstream educational system as being subservient to interests of capitalist and other socially and economically empowered groups. Provision of education being controlled by the dominant interests it does not become equally available to all, especially the poor and marginalized groups like minorities and historically discriminated communities. It also does neither serve to their needs, nor enrich their socio-cultural endowments. Hence from an inclusive and universal perspective there is a dire need for level playing field for different systems of education, particularly the traditional indigenous systems which are cheaper and rooted in the social context.
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