Education as a Positional Good
By Arnold Kling
Chris Dillow cuts right to the heart of an issue I’ve danced around on this blog a number of times.
Say I were to claim the following: lots of middle class parents care only about the relative quality of their child’s education, not it’s absolute level – they’d prefer a bad school for their kids with every other school even worse to a good school with every other school just as good. What evidence could you provide to prove me wrong?