Economic growth and public education are two areas which in recent years have been the objects of increasing interest and concern. From the standpoint of economic growth, the decade of the 70s brought some alarming developments. Adverse supply shocks, declining productivity, and intense international competition combined to foster a new awareness and advocacy with respect to strategies for economic growth. Over roughly the same period, observers of our educational process cited mounting evidence of the gradual deterioration in the quality of public schools. In 1983 the President's own blue-ribbon committee lent its official determination that, from an educational standpoint, we are indeed a "nation at risk." The national reaction tot his report has been dramatic, swift, and still growing. In short, it seems clear that in the decade of the 80s the issues of economic growth and public education will remain at the top of the political agendas on the national, state, and local levels.
Dolan, Robert C., Clarence R. Jung, Jr. and Robert M. Schmidt. 1984. "Research Issues in the Economics of Education and Growth." E.C.R.S.B. 84-1. Robins School of Business White Paper Series. University of Richmond, Richmond, Virginia.