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Essay / Research Paper Abstract
A 3 page research paper that first looks at education as an investment in human capital and then offers a hypothetical newspaper editorial arguing in favor a new tax to raise revenue for schools. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: D0_khhuced.rtf
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Unformatted sample text from the term paper:
engine that produced the human capital necessary for the country to prosper and flourish, as education provides the "skills and knowledge to move the United States both economically and socially"
(Brimley and Garfield 2). Not surprisingly, economists, "from a broad ideological spectrum," see education as an investment in human capital that benefits society as a whole, recognizing it as a
significant stimulator of economic growth (Brimley and Garfield 27). Such leaders in economists as "John Kenneth Galbraith, Harold Groves, Milton Friedman, Theodore Schultz, and Charles Benson" have all asserted
and documented the relationship between education and the level of prosperity experienced by the country (Brimley and Garfield 15). The advantages of education are demonstrably easily on the level
of the individual, but the increasing earning power that education afford also stimulates and benefits the whole of society. Also, an educated populace is essential to the maintenance of a
viable democracy, as an "uninformed and illiterate people" are not capable of governing themselves (Brimley and Garfield 21). The key economic philosophers of history, such as Karl Marx, Adam
Smith and John Maynard Keynes, have all supported the need for governments to support education for the good of their societies. For example, Keynes asserted that it is the governments
duty to provide a comprehensive education for all of its citizens. Smith reacted to British mercantilism and its limits on trade, and felt that education was "one of the essential
government services" (Brimley and Garfield 13). Marx reacted in the nineteenth century to the exploitation of workers by capitalists during the Industrial Revolution, but agreed with Smith on education, as
he saw free public education as a means addressing this societal inequity. In every instance, while the worlds greatest economist may disagree on many issues, consensus among them indicates the
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