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In International Encyclopedia of Economics of Education, 2 Ed, ;Ed  Form

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Adriene: Welcome to Crash Course Economics, I’m Adriene Hill Jacob: and I’m Jacob Clifford. Some of you might be watching this video in school right now, but even if you’re not, you’ve probably spent a good chunk of your life getting educated. Adriene: Nearly all countries require at least some mandatory schooling and most of those countries provide that education for free. Jacob: But nothing is ever actually free. There’s always an opportunity cost. The money and resources that go into education might be used to fund other social programs or bring down the debt. Adriene: And if you go to college, the cost is not just the tuition and books, it’s also the income you could have earned by going straight into the workforce. Jacob: But is college even worth it? Well, let's look at the economics of education. [Theme Music] Adriene: Why do governments spend billions funding universal public education? Why not just let profit seeking businesses handle it? Many argue that if edu

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