Nicholas Barr: Quotes about education

Nicholas Barr is British economist. Explore interesting quotes on education.

Nicholas Barr: 46 quotes0 likes

“Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individual's investment in education confers a 'dividend' on future taxpayers.”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 297-298

“So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, imperfect capital markets, and external effects.”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 318

“Given the external benefits higher education creates, it is efficient that taxpayers subsidies should be a permanent part of the landscape.”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 14, Higher Education, p. 329