Policy Analysis 7

 Would introducing competition into our educational system improve the
quality of our schools? See the PBS\ link for links to a variety of views on
this topic.Proponents of choice choice claim that it would introduce
competition into the school system. According to Caroline Hoxby, what are
the three main benefits of introducing competition into school systems? (See
her full interview) According to your textbook, what happens in the long run
to inefficient firms operating in competitive markets? Have the long-run
consequences been the same for inefficient public schools? Why do several of
the interviewees suggest that school failure is important to the ultimate
success of our educational system? How does David Brennan respond to the
criticism that school failures harm students? Does his response imply that
in the absence of competition, there is little distinction between short-run
and long-run outcomes? Explain. Do you think it is appropriate to apply
economic models of competition to education? Explain. Do you support or
oppose school vouchers? Why?