Education in a changing world
A 2023 Goldsmith lecture presented by Professor Eric Hanushek, the Paul and Jean Hanna Senior Fellow at the Hoover Institution of Stanford University.
Hosted by The Australian National University Research School of Economics.
While the importance of education for economic outcomes of individuals and of nations is broadly recognised, the full economic value is often underestimated. Professor Eric Hanushek begins this lecture with a discussion of where all of the countries of the world stand in terms of the requisite skills for competing in a modern economy.
From historical economic growth patterns, he shows it is then possible to estimate the economic gains to be had from bringing everybody up to minimal skill levels. Special attention is given to education and skills in Australia. This is followed by suggestions for improvement from economic research.