This dissertation is concerned with some allocation and efficiency aspects of public expenditure, with particular reference in the final chapter to Australian spending on education. The first chapter entails a broad coverage of the theory of public. expenditure. This will involve discussion of public, quasi-public and private goods, mid various criteria which attempt to define the optimal allocation of resources between public and private sectors.
The second chapter pays special reference to quasi-public goods. Education is the particular quasi-public good discussed. Benefits from education accruing to the individual are outlined, but a detailed analysis is made of benefits external to the inc1ivic1uo.l, from education.
Chapter 3 extends the discussion of education as a quasi-public good, with particular reference to spillouts and spillins of benefits.
The final chapter discusses some of the theoretical concepts outlined in earlier chapters, with reference to expenditure on education in Australia. Trends in education spending are analysed and possible future trends discussed. The final sections are concerned with the roles of the commonwealth and State Governments respectively a~ all levels of education expenditure.