The article discusses the scientific and practical validity of the neoclassical theory, which forms the basis of training courses in economic theory and institutional economics in accordance with the current Educational Standards of the Russian Federation. Critical analysis of the "supply economy" theory that emerged in line with…

The main goal of this work is to reveal social filters in the system of assessing the higher education services market. On the basis of the institutional interpretation of market relations, mechanisms and features of asymmetries formation in the educational services market are investigated. The role of the institutional environment ensuring…

The literature on higher education policy points to changes in the dominant discourse over the years. In particular, the ascendance of a discourse marked by concepts of new public management, using language inspired by neoclassical economic theory which characterizes education as a marketplace where students are customers, has led scholars to…

The article discusses the shortcomings of the methodology of neoclassical theory as a basic theory determining the content of contemporary economic theory course at Russian educational institutions namely unrealistic conditions of perfect competition, rationality of economic behavior of business entities, completeness and authenticity of…

The rate of emigration of highly educated people from the Caribbean is one of the highest in the world but little research exists on this phenomenon. This paper helps to fill this gap by focusing on one particular subset of Caribbean skilled emigrants, those working in higher education in the US, including academics and administrators. Drawing on…

Imagining Spanish America as Eden and sublime force, colonial environmental aesthetics inaugurated American "disponibilité," figuring environment in the colonial matrix of power as the non-place outside of European time and space. The image of the garden evoked by this aesthetics corresponded to the desired, secular transformation of…

Comments on the World Bank's policy paper on vocational and technical education and training. Argues that past failures in establishing effective vocational and technical education were a result of not applying conventional neoclassical economic theory. Asserts that the World Bank's policy paper corrects this approach. (CFR)

Traces the search for economic development alternatives that go beyond conventional neo-classical and Marxist theory and practice. Outlines case studies of social and economic transformation in South Korea and China and delineates the differences between similar attempts in Latin America and Eastern Europe. (MJP)

This paper provides an account of the main approaches, debates and evidence in the literature on the role of workforce skills in the innovation process in developed economies. It draws on multiple sources including the innovation studies discipline, neoclassical Human Capital theory, institutionalist labour market studies and the work organisation…

In order for the community to bring meaningful and sustainable environmental conservation and change, it must take action in implementing environmental education values acquired from environmental learning programmes and organizations. This study therefore aimed at assessing factors conditioning community implementation of environmental education…

Human capital theory holds that a higher education will be pursued to the extent that its pecuniary rewards outstrip its costs. This notion is founded on the neoclassical economic assumption that expected earnings conditional on educational investment are accurately anticipated by those considering such investments. However, the evidence in…

The neo-classical "human capital theory" continues to be invoked as part of the rationale for educational expansion in the developing world. While the theory provides a route from educational inputs to economic outputs in terms of increased incomes and standards of living, the route is contingent and relies upon a number of key…

Provides an explanation of the post-World War II economic phenomenon of Japan as a process of economic convergence within the framework of the neoclassical Solo-Swan model of economic growth. States that this interpretation helps students understand economic growth and development and Japan's modern economic history. (JEH)

We exploit Japan's sudden and complete opening up to international trade in the 1860s to test the empirical validity of one of the oldest and most fundamental propositions in economics: the theory of comparative advantage. Historical evidence supports the assertion that the characteristics of the Japanese economy at the time were compatible with…

The human capital concept of neoclassical economics holds that increased education will lead to increased productivity and to higher wages. Job queue and labor market segmentation theories argue that improved education merely drives up employment criteria and that the socioeconomic background of the employee is a more significant indicator of…