Education provides both private benefits to those who receive it and broader social benefits for the economy as a whole. Think about the types of policies a government can follow to address the issue of positive spillovers in technology and then suggest a parallel set of policies that governments could follow for addressing positive externalities in education.
History 225 LECTURE Notes Paternalism, Profit, and the problem of the Good Master I. How slave holders told themselves about how they managed their plantations a. How they justified what they did II. How they actually managed their plantations Image vs Reality 1. Slaveholders of Legend -Aristocratic -Traditional Argued their roots went way back into colonial period Houses modeled to look like manors in Europe -Regarded themselves as: Sophisticated, educated, respectful, genteel -Stable and Comfortable Created a world of wealth, serene surroundings -Paternal and Benevolent Took care of their dependents; family, and slaves -Legend and Proslavery Apologetics Strengthening of Slavery (after 1830)