CONSEQUENCES OF THE INVESTMENT IN EDUCATION AS REGARDS HUMAN CAPITAL

A sustainable and democratic society can not exist if the majority of the citizens have not a minimum level of education. The education of a child has benefits not only for his parents or for the child himself, but for the other members of the society. "The education of my child contributes to your well-being by promoting a stable and democratic society". (M. Friedman). Nobody would contest that an individual that invests in his own education could bring benefits not only to his family, but to the others. However, there are a lot of other good things for the human co-operation or to a society, but it does not result that they should be produced by the state and financed by taxes and fees. Additionally, the investment in one's training/education can finally be retrieved, when the individual comes to the labor market.