ECAEF

  The Mischaracterization of Education as a Merit Good Garret Thomas Molloy ABSTRACT This essay advances three claims (1) The current provision of public education characterizes education as a merit good. This characterization motivates state intervention to correct for merit good’s characteristics of positive externalities and consumer uncertainty (2) The provision of free public education […]

The Public-Private Paradox of Education: Merit Good or Negative Externality? Patrick Tecklenburg ABSTRACT This essay explores education`s multifaceted role as a private, a public and a merit good, with an intertwined reflection on its historical evolution and modern-day relevance. From its origins as a privilege, mainly only affordable by the elite to the widespread vision […]

Is education a public or a private good? Who gains from being educated? Olivia Liane Opitz   ABSTRACT This article examines whether education should be considered a private or public good and analyses the impact of both approaches on individuals and society. An equitable and accessible education system promotes social cohesion, economic stability and innovation. […]

Just off the press: A brand new ecaef.org book presented by H.S.H. Prince Philipp of Liechtenstein at Pedro Schwartz’ 90th Birthday.   Indeed, economic analysis is woefully shortsighted when not grounded on a solid basis of liberal political philosophy. And conversely, political philosophy will be buffeted by the currents and crosswinds of mere fashion if […]

On the ‘useless preachings’ of a great liberal thinker. by Raffaele De Mucci (LUISS)   The purpose of this contribution is theoretical rather than historiographical. It aims to offer a reconstruction of some key aspects of Luigi Einaudi’s liberal thought, particularly those that are most relevant to understand Einaudi’s positioning regarding the “great divide” between […]