spending taxpayer dollars to subsidize public education, society should expect some kind of return on that

spending. Economists like George Psacharopoulos have found that, across a variety of nations, the social rate

of return on schooling is also positive. After all, positive externalities exist from investment in education.

While not always easy to measure, according to Walter McMahon, the positive externalities to education

typically include better health outcomes for the population, lower levels of crime, a cleaner environment and a

more stable, democratic government. For these reasons, many nations have chosen to use taxpayer dollars to

subsidize primary, secondary, and higher education. Education clearly benefits the person who receives it, but
a society where most people have a good level of education provides positive externalities for all.

Other Examples of Positive Externalities
{"source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "file_name": "Microeconomics3e.pdf", "creationdate": "2022-12-07T14:15:44-06:00", "title": "Principles of Microeconomics 3e", "file_size_mb": 26.99, "total_pages": 597, "moddate": "2022-12-07T14:23:05-06:00", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "uploaded_via": "batch_uploader", "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "creator": "PDFMiner", "file_type": ".pdf", "producer": "Prince 14.2 (www.princexml.com)", "batch_upload": true, "upload_timestamp": "2026-02-07T15:24:38.309401"}