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THE EXTENT AND NATURE OF WASTE AND RENT DISSIPATION IN U.S. PUBLIC EDUCATION
U.S. PUBLIC EDUCATION planned economy
2008/11/6
It’s time to admit that public education operates like a
planned economy, a bureaucratic system in which everybody’s
role is spelled out in advance and there are few
incentives for innovation and p...
DO SPILLOVER BENEFITS CREATE A MARKET INEFFICIENCY IN K–12 PUBLIC EDUCATION?
government intervention MARKET INEFFICIENCY PUBLIC EDUCATION
2008/11/4
In economics there is a well-established framework for determining
whether government intervention into a market is justified. If we
look from the perspective of economic efficiency, government inte...