The establishment of any discipline can't be made out of nothing, and it all comes into being under a certain social background. This subject will be established only when people have this need subjectively and objectively, and so will educational economics.

After the Second World War, science and technology developed rapidly and were widely used in productive forces, which greatly improved labor productivity and promoted the rapid development of the level of productive forces worldwide. People are more and more aware of the importance of mastering science and technology in labor production, and people's demand for education is expanding. Therefore, education plays an increasingly important role in economic development and economic growth, and gradually becomes a decisive factor in social production and economic development, which provides conditions for the emergence of educational economics.

Extended data

Education has been closely related to social and economic development since it came into being. As early as ancient times, some Chinese and foreign scholars had some discussions on the relationship between education and economy. However, limited by the productivity level at that time, the promotion of education to production development is not obvious, and it is impossible to quantitatively calculate the economic benefits produced by education.

In modern times, with the development of capitalist industrial production, the role of education in reforming production technology and promoting production development has become more and more obvious, which makes economists pay more and more attention to the economic benefits of education.

Educational economics takes the position and role of education in economic growth and socio-economic development, as well as the macro-and micro-economic effects of education expenditure as the research object. Educational economics is a social science. While expounding the principle and law of the relationship between education and economy, this paper uses quantitative analysis method to calculate and analyze the data, test the relationship between education and economy, and predict the changing trend of this relationship.

Since the end of 1970s, researchers of educational economics in China have conducted extensive discussions on the role of education in China's socialist economic growth and socio-economic development.