Education differs from competitive markets like the market for cars because it is largely run by government and not subject to market forces, so additional spending often improves the happiness of people within the system without translating into better student performance.

causalpending

Speaker

Eric Hanushek

Evidence Quote

in an education it's largely run by the government and is not subject to many market forces

Source

Eric Hanushek on Educational Quality and Economic Growth 8/6/2007EconTalk
Created: 6/17/2026, 10:14:21 AM

My Notes

Loading notes...