There are many ways to date the development of the economics of education. In the 17th Century, Sir William Petty began writing about the valuation of lives in terms of the productive skills of individuals – a precursor of human capital considerations. Adam Smith followed a century later with direct consideration of the organization and finance of education. Yet, the more natural dating is much more recent with the development and legitimization of the study of human capital lead by Gary Becker, Jacob Mincer, and T.W. Schultz. These initial forays have, however, been followed by a torrent of recent work. VOLUME 2 Chapter 13 Using Wages to Infer School Quality Robert Speakman and Finis Welch Chapter 14 School Resources Eric A. Hanushek Chapter 15 Drinking from the Fountain of Knowledge: Student Incentive to Study and Learn – Externalities, Information Problems and Peer Pressure John Bishop Chapter 16 Schools, Teachers, and Education Outcomes in Developing Countries Paul Glewwe and Michael Kremer Chapter 17 Has School Desegregation Improved Academic and Economic Outcomes for Blacks? Steven Rivkin and Finis Welch Chapter 18 Teacher Quality Eric A. Hanushek and Steven G. Rivkin Chapter 19 Teacher Supply Peter J. Dolton Chapter 20 Pre-School, Day Care, and After School Care: Who’s Minding the Kids? David Blau and Janet Currie Chapter 21 The Courts and Public School Finance: Judge-Made Centralization and Economic Research William A. Fischel Chapter 22 Income and Peer Quality Sorting in Public and Private Schools Thomas J. Nechyba Chapter 23 Public Intervention in Post-Secondary Education Thomas J. Kane Chapter 24 US Higher Education Finance Michael S. McPherson and Morton Owen Schapiro Chapter 25 Income Contingent Loans for Higher Education: International Reforms Bruce Chapman