This little book originated with the primary concern for the prevaining tendency to overlook the importance of the primary education. Economics of Education is a growing subject of general interest. Many economists persist in thinking, in terms of economic importance, the importance of education. tHe idea of developing Human Capital has been fully explained in this book. The cost-benefit analysis of educational expenditure has been simplified for the common reader. Primary education continues to draw public attention. Dr. B. Rajaiah, has made an extensive survey of primary education in Andhra Pradesh. This is his contribution to the growth of Economics of Education in which some important concepts have been explained. The reader is led to a field of realism so as to prove that relevance of primary education to new educational policy cannot be ignored. It provides illumination on the role and contribution of Primary Economics of Education has its utility for all types of readers. The book will also prove useful to policy makers. Education is an important asset to the individual and the society. Economics of Education formulates a set of principles governing investment and returns in Education. The importance of human resource development has been clearly brought out in this book. It is more important in all developing countries and its decisive influence on economic development cannot be over-looked. This book can be profitably used by teachers, students, and the public at large as it is one of he policy oriented books on Economics of Education.