The Economics of Learning

  • Richard B. McKenzie
  • Gordon Tullock


Psychologists and educators have been concerned with learning behavior for some time. We now know a good deal about the learning process, particularly among the lower-order animals; however, it is abundantly clear from experience that educators have a long way to go before much can be said about how “students” learning within a classroom setting can be improved. The federal government and foundations such as the Ford and the Rockefeller have spent literally billions of dollars over the past several decades researching the learning and educational processes. Unfortunately, researchers have all too frequently concluded that there is no difference between their experimental and control groups—that nothing appears to work in the classroom.


Leisure Time Marginal Utility Student Evaluation Transformation Curve Grade Structure 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Richard B. McKenzie
    • 1
  • Gordon Tullock
    • 2
  1. 1.Paul Merage School of BusinessUniversity of California, IrvineIrvineUSA
  2. 2.Law & Economics CenterGeorge Mason UniversityArlingtonUSA

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