Goldin and Katz's "The Race between Education and Technology" is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the theoretical and conceptual underpinnings of this work…

THE PROPOSITION WAS THAT THE CONVENTIONAL MODEL USED FOR OUR AMERICAN ECONOMY IS FUNDAMENTALLY FAULTY BECAUSE IT ASCRIBES TO THE PRIVATE PROFIT-SEEKING SECTOR THE BASIC DYNAMISM FOR AMERICAN ECONOMIC DEVELOPMENT. HOWEVER, THE NOT-FOR-PROFIT SECTOR, WHICH INCLUDES NONPROFIT INSTITUTIONS AND GOVERNMENT, ACCOUNTED FOR AT LEAST 27 PERCENT OF THE GROSS…

The current United States industrial policy is not working in the new international economy. As jobs are increasingly exported overseas, the United States faces a major problem in revitalization of its economy. Occupational education has a major role in the revitalization of the country's economy through the upgrading of the training and…

To become one of the world's most innovative countries, Canada requires a national innovation strategy for the 21st century. It is progressing toward a more innovative economy, but lags behind many developed countries in terms of overall innovation performance. A national innovation strategy to meet Canada's innovation challenge proposes goals,…

This paper discusses a framework for education policy, from early childhood through post-secondary education, along with major reform ideas consistent with that framework. We present evidence showing that education is critical to broad-based economic growth. Investments in education yield large returns to both society and the individual.…

This paper outlines the skills and learning challenges that Canada faces to ensure it meets its skills and learning requirements for the 21st century. It proposes a series of national goals and milestones against which progress can be measured over time and reported on regularly to Canadians. Following an introduction, Sections 2-5 discuss the…

This document contains the final report of the National Center for Productivity and Quality of Working Life, whose primary functions are to make the United States aware of the benefits of productivity growth and to encourage initiatives that will result in better productivity performance. Divided into six major sections, this report reviews the…

In the past few years an important beginning has been made toward defining and exploring the major issues in the economics of higher education. The research of economists covers a wide range of problems, from that of the Nation's requirements for college-trained people, to detailed questions of financing. Perhaps no single area of this work offers…