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EN
The financing of higher education has become a long-range, crucial topic for many governments worldwide. As a part of it, there has also been a big discussion about the possible participation of private sources in financing of the tertiary education in the Czech Republic. The objective of the paper is to analyse and test students’ expectations about their future incomes and to bring a new quantitative argument to the discussion about the implementation of tuition fees at Czech public universities. The authors analysed data from a large survey among students of selected faculties of economics as well as factors which might influence students’ income expectation. The findings provide inspiring comparison and confirm high returns from investment in higher education.
EN
The neoclassical production function stands for a corner-stone of majority of neoclassical schools of macroeconomics. Its history has been bound with such well-known names as A. Marshall, K. Wicksell, C. Cobb, P. Douglas, P. Samuelson, R. Solow, etc. On the other hand, the neoclassical concept of production function has also faced some criticism during the second half of the 20th century coming especially from Europe (J. Robinson, P. Sraffa, L. Pasinetti, P. Sylos Labini, etc.). No matter how rigorous and robust their reproaches were, their critical opinions have never been really reflected in the mainstream economics. The article reopens the debate on validity of presumptions of the neoclassical concept of production function and theory of distribution. Its authors bring objective and unbiased view of the centennial history of various production functions, they show their relations to theories of distribution, and by doing so they hope to attract attention of contemporary economists to the old and yet unsettled issues.
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