By Herbert J. Walberg, Joseph L. Bast

Until renowned myths approximately capitalism are challenged, university reform will stall good wanting success.—From the advent to schooling and Capitalism "This is a considerate, thorough exam of the virtues of capitalism and loose markets so one can arrange straightforward and secondary schooling in a democracy." —Milton Friedman Senior learn fellow, Hoover establishment Nobel Prize winner in monetary sciences for folks, lecturers, policymakers, taxpayers, and students who wish higher colleges for kids despite their race, social history, or mom and dad' source of revenue, this ebook asserts that, if colleges have been "privatized" (moved from the general public to the personal sector), they can once more do a fantastic task offering kindergarten to twelfth-grade (K–12) schooling. Drawing on insights and findings from historical past, psychology, sociology, political technology, and economics, the authors show Why colleges and earlier efforts in school reform have failed Why capitalism could be depended on to provide secure and powerful schools—and why economics is an acceptable software for learning how education is introduced What heritage tells us in regards to the government's position in schooling—and why holding so much education within the palms of presidency doesn't support in achieving equality and democracy How instructions for voucher courses that safeguard the poorest and such a lot susceptible individuals of society differently paintings in addition to their proponents expect Why conservatives and libertarians may still aid college voucher courses The authors exhibit that, except well known myths approximately capitalism are challenged, institution reform will stall good in need of good fortune. with out a broader figuring out of ways and why markets paintings, the small steps within the correct course taken on the finish of the 20th century threat being swept away first and foremost of the twenty-first.

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Extra info for Education and Capitalism: How Overcoming Our Fear of Markets and Economics Can Improve America's Schools

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16 Teachers union leaders, long admired by parents and the general public, are facing a scrutiny long overdue. S. News and World Report called teachers unions “the single most influential force in government education” and leveled charges rarely seen in the popular press: “Union policies that work against quality teaching are driving many top teachers out of public schools, making it tougher for good teachers who stay to do their best work and leaving incompetents entrenched in many classrooms.

And how important are school boards? Less, perhaps, than the unelected superintendent who prepares the budget and negotiates with the school staff; certainly less than the skilled and experienced union officials who claim to speak for all teachers. Somewhere down this tortuous road of collective decision making and delegation, the wishes of individual parents fall by the wayside. John Chubb and Terry Moe clearly saw the link between the absence of competition and unrepresented parental interests in a politically managed school system when they wrote, “Lacking feasible exit options, then, whether through residential mobility or escape into the private sector, many parents and students will ‘choose’ a public school despite dissatisfaction with its goals, methods, personnel, and performance.

68See Chapter 10 for a review of the latest survey results. 69John F. Witte, The Market Approach to Education: An Analysis of America’s First Voucher Program (Princeton: Princeton University Press, 2000); Moe, Schools, Vouchers, and the American Public. 70Public Agenda, First Things First (New York: Public Agenda Foundation, 1994); Public Agenda, Assignment Incomplete: The Unfinished Business of School Reform (New York: Public Agenda Foundation, 1995); Harwood Group, Halfway Out the Door. 71 A majority of the public believes private schools do a better job than government schools in the areas of academic quality, individual attention to students, safety, discipline, and teaching civic and moral values.

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