What are the alternative views to the human capital theory with respect to the role of education?
What will be an ideal response?
One alternative dissenting view sees education as a sorting mechanism. People differ in ability both before and after schooling, but schooling sorts persons according to ability. Traits that lead to success in school often lead to success in work. Employers know this and seek people with more schooling for more complex jobs.
You might also like to view...
Which of the following is likely to happen if there is an increase in entrepreneurial activity in an economy?
A) The productivity of the economy will increase. B) The inflation rate in the economy will decrease. C) The exchange value of its currency in the foreign exchange market will increase. D) The income per capita of the economy will fall.
What happens in the short run in the Keynesian model to the exchange rate and net exports in each of the following cases?
(a) The foreign real interest rate falls. (b) Foreign output rises. (c) Foreign demand for domestic goods rises. (d) Domestic output rises. (e) The domestic real interest rate falls.