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Clark, Charles Michael Andres – Journal of Education for Business, 2014
The financial crisis was partially caused by neoclassical economic theory and theorists. This failure has prompted business educators to rethink the role of neoclassical economics as the foundation of business education. The author connects this question to the more general critique of the scientific model of business education and the old…
Descriptors: Business Administration Education, Economics, Social Theories, Economic Climate
Woessmann, Ludger – Education Economics, 2016
The case for education can be made from many perspectives. This paper makes the case for education based on economic outcomes. Surveying the most recent empirical evidence, it shows the crucial role of education for individual and societal prosperity. Education is a leading determinant of economic growth, employment, and earnings in modern…
Descriptors: Role of Education, Evidence, Economic Impact, Economic Development
Nordtveit, Bjorn Harald – International Journal of Educational Development, 2010
Development is often understood as a linear process of change towards Western modernity, a vision that is challenged by this paper, arguing that development efforts should rather be connected to the local stakeholders' sense of their own development. Further, the paper contends that Complexity Theory is more effective than a linear theory of…
Descriptors: Stakeholders, Misconceptions, Social Theories, Economics