100 books like Returns to Education

Theodore Schultz, a personal friend, was President of the American Economics Association, and Head of the Economics Department at the University of Chicago.

He is generally regarded as the father of Human Capital theory and analysis, is the one who hired Gary Becker from Columbia University, and his Presidential Address to the American Economics Association in 1960 is widely cited as the beginning of the human capital revolution in economics.

It transformed the fields of economic growth where modern endogenous growth models are currently the mainstream, the fields of labor economics, home economics, the economics of education, and is in the process of revolutionizing the field of economic development (with ‘endogenous development’).

This highly readable and interesting book will give the reader a basic understanding of human capital analysis. Its roots are in Becker’s Economic Journal article on “the economics of the allocation of human time”.

This makes the non-monetary… show more.

I recommend this collection of articles because it gives a readable and clear view of the connection of the benefits of education to education finance and brings in for the first time the distribution of both the benefits and the costs of education.

Kern Alexander is well known as the father of equity as it relates to education and education finance. His article on the “Concept of Equity in School Finance” which is Chapter 10 in his book sets the stage for 9 additional articles that follow on essentially all of the key aspects of distribution of the benefits among children and families and of costs among families and taxpayers. 

This follows the nine Chapters on economic efficiency in education, which explore in greater depth many of the aspects already introduced above. These include the “Human Capital Approach” by Theodore W. Schultz, “The Social and Economic Externalities of Education”, “The… show more.

This book is a classic. Gary Becker received the Nobel Prize in Economics in 1992 for his work on Human Capital, (as had TW Schultz).

This book was near the beginning of Gary Becker’s very productive life and launched a well-known wave of research and innovation that has by now had major impacts on many branches of economics such labor economics, international trade, economic growth, home economics, and now economic development.

He received the Medal of Freedom from George W. Bush at the White House in 2007 where President Bush said “Professor Becker has shown that economic principles do not just exist in theory.” Gary Becker died in 2014. He was 83.

This is a ‘must read’ for any person seriously interested in Human Capital, Labor Economics, the Economics of Education, or other fields that have been or are being revolutionized by human capital theory and empirical research. For others… show more.

I "discovered" Hancock's book by coincidence in the summer of 2000, when I stayed in Oxford.

While working on my book I met a scholar who recommended me the book when he learned about my study. He thought that Hancock's book could offer me some exciting insights. Reading the book was overwhelming for me, as I found out that my "Nepali experience" in the context of a women's development project was not exceptional.

I realized then that my critical analysis gained further evidence, through elaborating on Hancock's numerous examples from other places where the World Bank and Western Capitalist agencies were involved.     

For readers interested in a sectoral analysis of Vietnam’s reforms and economic growth, the book provides a useful account of one major area of reform in Vietnam, namely education.

Coupled with domestic training and foreign capital inflows, this education sector and its reforms can be said to be a principal contributor to the country’s development and growth. The book also discusses the reform’s rationale and issues and, for policy analysis, describes the consequences for the sector and the economy in recent years.

This book provides a thorough treatment of all the basic economic tools that everyone needs to survive and thrive in today’s world. 

Stock is a natural teacher who uses her gift for taking the complex and making it simple. The topics are wide-ranging and the analysis is clear and convincing. Even those who think they are not interested in economics will find something to take with them after pursuing this well-written volume.

To understand why some workers are paid more than others, you have to understand how skills are valued and rewarded in the labor market, and how that has changed, as the economy has evolved.

Focused on the United States, Katz and Goldin provide a sweeping overview of how education leads to skills and income, drawing on the most well-established theories in economics. It misses some important causes of inequality, but is essential for understanding the one of the deepest economic forces governing wages: the supply and demand of human capital.

Barry recommends this book for Eric Toussaint's powerful analysis of the global financial system and its principal institutions (such as the IMF and World Bank) as a system of power relations maintaining the subordination and exploitation of the global south.

Barry found the exploration of possible solutions particularly valuable, ranging from various forms of resistance in poorer countries to the development of support and solidarity from social movements and struggles in rich countries.

Desirable policy changes are also discussed, especially debt cancellation in relation to the Third World Debt Crisis.

The climate crisis, many of us now understand, may just end up crushing us. What can save us from that crushing?

Greater income equality, the former World Bank economist Herman Daly argued in this concise 1996 volume, has to be central to our solution. Daly, who passed away in 2022, pioneered the discipline of ecological economics.

Our planet, this University of Maryland professor emeritus believed, has “a limit to the total material production that the ecosystem can support.” In other words, we can’t afford to continue grasping for ever more.

We need to center ourselves instead around having enough, and that means, Daly concluded, moving toward adopting a “maximum personal income” since having 99 percent of a limited total product “go to only one person” would be “clearly unjust.”

“I hear people say we have to stop and debate globalization. You might as well debate whether autumn should follow summer.”

In 2005, Tony Blair told his party that a new, free-market, globalized form of capitalism was inevitable. Filipino theorist, activists and later politician Walden Bello begged to differ. He believed globalization was a political choice, and one that suited Western elites and their multinational corporations, at the expense of the mass of humanity.

In Deglobalization, Bello sets out to show how things could be different, imagining a more diverse international economy centred on the principle of being as democratic as possible.