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Sazonov, Sergey; Kharlamova, Ekaterina; Chekhovskaya, Irina; Polyanskaya, Elena – International Journal of Educational Management, 2017
Purpose: Economic problems of the system of education were the object of interest of classics of economic science--A. Smith and A. Marshall--who viewed education as a source of public capital, and acquired skills and competences--as a part of national wealth. These ideas were further developed in the theory of human capital by T. Schultz, G.S.…
Descriptors: Mathematical Models, Private Financial Support, Human Capital, Educational Finance