This paper aims to show the evolution of the role and importance of education in economic theory, especially in … of the role and importance of education in the development process. Presentation of the classification theory refers to …: theories of economic development (the classical theory and contemporary models of development and underdevelopment) and …

extent of redistribution. In this setting, trade liberalization is politically viable as long as the losers from trade are … may be limited political support for redistribution, and those who are left behind by globalization - namely unskilled … - by favoring the ascent of the educated class and thus eroding the political support for redistribution - may ultimately …

Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education … the absence of a strive for redistribution, the market generates the efficient level of investment in human capital. When … there is a demand for redistribution, the general equilibrium effects on relative wages might make a subsidy to education an …