Economics of Education after Covid

This article looks at the influence of financial accounting procedures on the way that investment in education is conceptualized. This field has been dominated by the idea that investment in public institutions should be seen as contributing to the public deficit, and accounting arrangements that reduce a current charge on the public purse encouraged. Drawing on the work of Kelton and Mazzucato, the authors argue that this thinking will be a blight on educational spending in the aftermath of the Covid pandemic, and that a more thorough-going debate is urgently needed to secure the future of education.

Economics of education and prospects for its development

The article considers the prospects for the development of the education economy in modern market conditions. The main reason for considering this topic is that in the modern period, this science is immature, since it does not demonstrate the ability to offer effective, efficient, socially feasible and economically viable solutions to educational problems. Accordingly, the main direction of the development of this science should be considered the development of scientific fundamental and technological approaches to solving existing problems in education. One of the tools in this regard should be called educational projects that contribute to the dynamic development of both pedagogy in general and this science in particular. To be recognized as an integrated field of research, the economics of education should assign to pedagogy the role of helping scientists to create formative solutions to the criticisms identified in the course of economic research. Indeed, within the framework of the role that pedagogy can assume, planning in the field of education, the formation of various aspects of personality (economic, financial, social and human) can be developed.