Article

Education Finance

James W. Guthrie and Patrick J. Schuermann

in Education

ISBN: 9780199756810
Published online December 2011 | | DOI: http://dx.doi.org/10.1093/obo/9780199756810-0012
Education Finance

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  • Education
  • Organization and Management of Education
  • Philosophy and Theory of Education
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Education finance refers to governmental and organizational processes by which revenues are generated (through taxation, tuition, fees, and philanthropy), distributed, and expended for the operational and capital support of formal schooling. Scholars and professionals knowledgeable regarding economics, public finance, school finance, budgeting, management, accounting, education law, and intergovernmental relations typically participate in this field. Education financing should not be considered exclusively as a technical field dominated by matters of arcane financial formulas and budget categories. Rather, it also involves public policy issues at the dynamic core of any society regarding equity, efficiency, and freedom of choice. The citations included in this entry lead a user to works that encompass the operation of education financing and the many issue that characterize this field. They have been selected because of their comprehensive nature or because of their significance in influencing the field generally or a particular policy direction within the historical evolution of education finance.

Article.  6649 words. 

Subjects: Education ; Organization and Management of Education ; Philosophy and Theory of Education ; Schools Studies ; Teaching Skills and Techniques

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