Economists are well placed to study education. They are intrinsically interested in (public) spending. They want to examine whether resources are spent in an effective (i.e., doing the right things) and efficient (i.e., doing things right) way. By focusing on educational efficiency, economists can provide intuitive insights that engender more value for money. Moreover, the effectiveness concerns are related to the "evidence-based education" idea.

Contemporary Economic Perspectives in Education contributes to this growing field of "education economics." This book provides a...