Public school principals are not residual claimants and face no competition, so they keep their jobs regardless of school performance and lack the incentive to care about outcome quality.
causalpending
Speaker
Russ RobertsEvidence Quote
“they're not the residual claimant the phrase we use in economics for the owner of a business who captures some of the gains when it's run well and who suffers when it's run badly”
Created: 6/17/2026, 10:14:21 AM
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