Spend Less on Education?
By Arnold Kling
Sometimes, an economist argues against conventional wisdom, as in this essay, where I question the view that the government needs to increase its spending on education.
If we combine the limited extent to which education is a public good with the factors that make government the highest-cost producer, it becomes almost certain that the cost-benefit calculation for additional government spending on education is negative.
For Discussion. Does the essay overlook economic analysis that would argue for more government spending on education?