Discussion on Classical theories of development in corporate with Education

In the context of development the theories that give importance on distribution of national wealth are denoted as classical theory of development. Classical theorist conveys that distribution of wealth is critical or hard job more than growing it up. Concept of distribution is comes from international business. Where there is chances; business is fruitful there. On the other hand classical theorist kept an important thought that development also include humanistic development along with economical development.

Classical theorist gave an idea of schooling from that days that the difference between pupils of high school and who are not; is skill. Skill made the pupils equipped. But after 40‟s education delivered less than basis of skill. And that‟s how some differentiation erased.

Evaluation theory of development by Morgan.  It shows how society changes overtime.  Morgan gave importance to family kinship because to understand social dynamics, as it is a basic part development.  He considered there is a critical link with social progress and technological progress.

Lewis Henry Morgan
A great theorist of „theory of evalution‟

Development theory by Adam Smith.(1723-1790)  Adam Smith considered technical conditions for economic progress than ideological implications.  He mentioned some criteria, those are: Laisser faire, maximum competition, free trade, harmonizing private and public interests for development.  He emphasis to the crucial role played by the quality and quantity of capital for national industrialization.

Adam Smith
The founder of classical school in Great Britain

Development theory by Malthus (1766-1835)  He wrote "an increase in population cannot take place without a proportionate or nearly proportionate increase of wealth“  He argued that-lack of wealth is a constraint on population growth. Thus, it is clear that the natural tendency of population growth in Malthusian system does not ensure that population or income will actually grow in a country

Reverend Thomas Robert Malthus
Classical theorist

Development theory by Fredrich List (1789-1846)
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International Trade: Friedrich List's Theory of the infant industry argument The infant industry argument is one of the most famous arguments for protection against free international trade „Only now did I recognize the reciprocal relationship which exits between manufacturing power and the national system of transportation, and that the one can never develop to its fullest without the other.‟ List considered that Napolean„s Continental System', aimed just at damaging Britain during a bitter long-term war, had in fact been quite good for German industry. This was the direct opposite of what was believed by the followers of Adam smith

Fredrich List
Theory of the infant industry argument

Development theory by John Maynard Keyene (1883-1946)

Keynes sought to develop a theory that would explain determinants of saving, consumption, investment and production. In that theory, the interaction of aggregate demand and aggregate supply determines the level of output and employment in the economy. “The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems / the problems of life and of human relations, of creation and behavior and religion.”

“Education is the inculcation of the incomprehensible into the indifferent by the incompetent” “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”

John Maynard Keyene
Classical Theorist

Now the Question arise that how these classical theories of development are related with Education?

New Industrial Economy  Growth of Cities  Political Change  A New Awareness of Society

The fundamental changes through Education
From the concept of Classical theorist

Some of the key developments that have influenced sociological theory are: the rise of individualism, the appearance of the mordern state(Elazar, Daniel J.), industrialization and capitalism colonization and globalization, and the world wars Sociology was born as a result of three striking changes in Europe: "the rise of factory-based industrial economy, the explosive growth of cities, and the spread of new ideas about democracy and political rights

The European schools including UK preferred secular studies rather than religious studies. For more Industrial development free paying schools were encouraged by the governments Before 1870,in UK education was largely a private affair, with wealthy parents sending their children to fee-paying schools, and others using whatever local teaching was made available.

The set up of the curriculum was based on basically the points denoted by the classical theorist was before World War Two The resultant of the classical theories was mainly accustomed by the Education system, as European countries developed .

The evaluation theory and the Theories of economical development are the classical theories, the key to build up the values of wealth and kinship to the mass people is Education indeed