An analytical, informed consideration of the economic implications of the present crisis in education, both in public schools and colleges. The author names inflation as the primary threat to education today and he shows how and why the teacher is paid less than the plumber. Other sections deal with the source of funds for education, the financial problems particular to higher institutions of learning, the need of federal aid for public and private schools, the prospect of rising tuition fees, and the exodus of teachers from the classrooms. Here is a realistic attitude toward education which recommends higher scholastic standards in colleges and a realization that the supply of white-collar college graduates far exceeds the demand on the job market. Comprehensive, sound study of the economic factors in education today and its background in the past. Specialized market.