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Views of early economists on education as consumption and investment

      

Views of early economists on education as consumption and investment

  

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Raphael
a. Early Greeks and roman philosopher such as Plato saw education as an investment to be
utilized in shaping the youths to be thoughtful citizens who would serve the state. There
were groups in ancient Greeks and Roman society who saw knowledge as an acquisition,
as a pleasurable pursuit to enjoy in contrast to using it to help the society to acquire better
goods and service.
b. Adam Smith (1976) who is the founder of economics as a discipline saw education as an
important in eliminating inefficiency and corruption thereby morally upright citizen who
would facilitate good governance characterized by social economic enhancements.
c. David Ricadco and Robert Mathews within in the 20th C saw a means of developing
attitude and habits conducive population and maintenance of civil liberty.
d. John Stuart Mill utilization associates known as the Ironians in the late 19th C that
education be seen as an important cultivator of favorable habits of appropriate behavior
motivation for self-empowerment promotion of productivity.
e. Karl Max supported the education of workers which would give them skills. He came out
strongly against human consequences and division of labour which intended to reduce
work to more ends and furthermore capitalizing producer. He envied education as making
balance to the tendency of capitalizing development which encodes the working security.
raphael answered the question on August 4, 2021 at 07:04


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