This book was originally published in 1979 and deals with the
contentious subject of teacher's pay. There were a number of key issues.
First, and most crucial, how salary levels were affecting the aggregate
supply or teachers. In other words, where teaching is a vocation so
salaries make no difference, or whether pay matters. The second issue is
how much difference do administered pay scales make? Lastly, could the
system manage to adjust within this framework to the underlying pattern
of shortage and surplus? All these questions above are subjected to
systematic analysis using the complete tapes of the teachers' record for
1963-1972 from the Department of Education and Science. The analysis is
approached with an awareness of the educational context within which the
market is situated. It remains of value to anyone with an interest in
education and economics.