The books in this series are written primarily for two types of clientele: those engaged in educational planning and administration, in developing as well as developed countries; and those, such as senior government officials and policy-makers, seeking a more general understanding of educational planning and how it relates to national development. They are intended to be of use either for private study or in formal training programmes.
Cost-Benefit Analysis in Educational Planning
Although the economic benefits of education cannot be easily measured, cost-benefit analysis is useful in evaluating and comparing alternative ways of allocating and using resources for education in developing countries.
Written in simple, non-technical language, Cost-Benefit Analysis in Educational Planning is a useful working tool for educational planners. It explains the theory underlying estimations of the rate of return on investment in education and the methods of calculation. It summarizes the results of cost-benefit studies in nearly 100 countries. Readers will also find thought-provoking discussions regarding the problems of interpreting cost-benefit analysis and recent criticism of both its theory and practice as applied to education.