EDUCATION, ECONOMIC DEVELOPMENT AND LIVELIHOOD SCHOOLS
DR. INDRA BIR SINGH YADAV The tendency of linking education with economic is of recent origin. The old concept was “Education for the sake of education”. In other words education promotes only physical, mental, moral and spiritual development of a child. Hence, education was considered an item of expenditure only. As such, whenever need arose for thrifts or cuts in the budget allocations, expenditure on education was readily curtailed. The reason was that educational planning was not correlated integrally with educational planning or total national planning. Previously economic was considered as a science of wealth only but now a day’s almost all modern economists regard economic as not only a science of wealth only but it is considered as vitally and essentially related to all those activities of human beings which are concerned with the production, consumption, exchange and distribution of wealth. Thus, broadened in its filed, economic be...