Money and the Market for High Quality Schools

School Finance 101

This post is a revised version of my previous post – If money doesn’t matter…

Here is a draft set of slides to accompany this post: Resource Heterogeneity across Sectors

The theme du jour is that reform (very narrowly defined reform), not money will fix our schools. We’re already spending a lot, the pundits say. Too much in fact, for what we’re getting. We need more charter schools – which obviously do more with less – we need to treat teachers like workers in the private sector (?) by publicly ranking them based on their students’ test scores – and in general, we need to adopt “market” oriented strategies. But…

If money doesn’t matter then why do private independent schools (market driven schools?) spend, on average, so much more per child than nearby public schools?

First off, I am a supporter of private independent schools and former teacher in…

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