Some Notes on the Quantity Objective of the British Industrial Training Act

There were three principal objectives to the 1964 British Industrial Training Act. Firstly, it aimed to increase the quantity of training. Secondly, it aimed to improve the quality of training. Thirdly, it was designed to redistribute the costs of training. In this article we shall discuss certain questions arising from the first aim, the quantity objective, by using the tools of basic economic theory.