Markets in everything, education edition

by on September 5, 2009 at 3:11 pm in Education | Permalink

1 Andrew September 5, 2009 at 6:54 pm

This is a lot different than having private donors fund the Milton Friedman institute because…ummm…I’ll get back to you.

2 Randall Parker September 5, 2009 at 11:20 pm

One wonders whether any of these classes could be held by just charging more per student.

Colleges should charge per class based on expected cost of the class.

3 Andrew September 6, 2009 at 9:28 am

In the longer term it might be better. Businesses would have to pay more for graduates. Graduates in highly recruited fields would would be willing to take out larger loans due to the greater payback. Class cost would be aligned to productivity. Businesses might help underwrite loans for specific fields. This already happens, it might happen to a greater degree. Certain classes would cost more, but if they benefit society more there could be an increase in the mechanisms to fund them. I’m not sure subsidizing Shakespeare at the expense of packaging science is a big benefit to society.

4 School_Choice September 7, 2009 at 12:28 pm

Maybe the 216 Washington DC kids whose school vouchers were rescinded this summer should try this approach to pay for their schooling this year.

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