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ERIC Number: ED111951
Record Type: RIE
Publication Date: 1973-Dec-1
Pages: 8
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Future Shock--Education 1984: The Economists' Viewpoint.
Hanlon, J. William
Education, like other institutions of our society, is susceptible to "future shock", the inadequate preparation for a radically different future. Our nation is on the threshold of an age of scarcity, and the impact on education will be the accelerated demands for educators to justify their use of resources based on impersonal objective criteria. Education's favored past status in the resource allocation process will continue to deteriorate as shrinking funds are allocated to education. However, educators can objectively justify the use of scarce resources by applying economic theory and method. Some standard economic models adaptable to education are: (1) production function (the relationship between input and output), (2) production possibilities model (relationships between alternative products), (3) economies to scale (relationships between cost and the size of the producing unit), (4) labor to capital ratio (amount of labor relative to capital used in the production process), and (5) multiproduct production (simultaneous production of products by the producing unit). Progress in resource allocation problems is evident in needs assessment programs, accountability studies, criterion-referenced instruction, performance objectives, the Coleman Report, and similar studies. Continued and expanded efforts are necessary to immunize education from "future shock". (EA)
Publication Type: Speeches/Meeting Papers
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A
Note: Paper presented to the Industrial Arts Division of the American Vocational Association (December 1, 1973)