Adam Smith on Institutions for Instruction
DOI:
https://doi.org/10.12775/RF.2018.026Keywords
Adam Smith, education, institutions for instruction, universitiesAbstract
Adam Smith’s remarks concerning education and its institutions, though they occupy no significant place in his works, are, in fact, deeply grounded in his theory. The philosopher criticized teachers’ fixed salaries assuming that it competition among them would encourage them to prepare interesting and useful classes. He was in favour of competition among universities and wrote favourably of private teachers. At the same time, he argued in favour of co-financing education by the state, as universal education for children and possibility to keep workers’ minds active are not only beneficial to individuals, but also to the state.
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