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| The 'lower education bubble' by Glenn Reynolds |
| 2011-03-06 |
| In recent months, I've written in these pages about a “higher education bubble” – the notion that America is spending more than it can afford on higher education, driven by the kind of cheap credit (and mass infatuation) that fueled the housing bubble. Nothing has happened to make me doubt that, and in fact, we're beginning to see universities (like the University of the South at Sewanee, and several major law schools) actually cutting tuition, or freezing it, in the face of newfound customer price-resistance. But, while the higher education bubble begins to deflate, I think we're also starting to see the deflation of what might be called a “lower education bubble” – that is, the constant flow of more and more money into K-12 education without any significant degree of buyer resistance, in spite of the often low quality of the education it purchases. |
| Posted by:g(r)omgoru |
| #5 We don't even know what quality in education is. Ie, what works, even in the shortish term. Never mind 20 years down the road which is what really matters. Otherwise GR is right. Massive subsidies with little real value resulting from them. BTW, far and away the most effective subsidy is to pay students to pass exams. |
| Posted by: phil_b 2011-03-06 21:50 |
| #4 Or smaller class sizes means better education. Most of the countries which beat is all the time have larger class sizes. Its the Q-U-A-L-I-T-Y of educator. Something the unions don't want to hear. |
| Posted by: CrazyFool 2011-03-06 20:52 |
| #3 It's good to see someone questioning the conventional wisdom that more money automatically guarantees better education. |
| Posted by: Clyde Sleager3535 2011-03-06 18:31 |
| #2 Gracias |
| Posted by: g(r)omgoru 2011-03-06 15:08 |
| #1 Try this link. |
| Posted by: Bobby 2011-03-06 15:06 |