education

  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. […]

    This material was originally published here: https://www.exclusiv.li/news-news-archiv/news-2024/xviii-gottfried-von-haberler-konferenz-in-vaduz-mit-internationalen-fachexperten

  A lot has been said and even more has been written about the countless vulnerabilities and hopeless shortcomings of the public education system. Arguments range from its propensity to produce consistently poor results and to inevitably become politically influenced and exploited, to the lack of opportunities that its cookie-cutter approach offers to both academically […]