The Economic History of School Finance in the United States
This paper argues that the components of educational provisions which satisfy private demands, mythology aside, almost invariably win out over the public goods components. If true, this leads, on the one hand, to a diminished supply of social benefits, and, on the other, to a stifling of social mobility. Insofar as these arguments are correct, they also may apply in most countries of the world, whether capitalist or socialist.
This article was originally published in the Journal of Education Finance by the University of Illinois Press and Journal Storage (JSTOR).