Praxeology and the Development of Human Capital

The Separation of School and State

Bibliographic Data

ID3877698
AuthorsJohn P Cochran (Metropolitan State College of Denver and University of Colorado at Boulder, corresponding author), Fred R Glahe (Metropolitan State College of Denver and University of Colorado at Boulder)
Year1997
Volume9
Issue2
Pages255-268
Publication date1997-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueCultural Dynamics (JOURNAL)
Journal identifiersISSN: 0921-3740 • E-ISSN: 1461-7048
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/092137409700900210
OpenAlexW2010110932
LanguageEN
Citations received1
References cited10

The paper uses Murray Rothbard's reconstruction of utility and welfare economics to critically analyze current neoclassical justifications for government intervention in the market for educational services and the prospects for meaningful reform through partial privatization of educational services using school choice and educational vouchers. This analysis, which is in the Austrian tradition, implies that it is public funding, not public provision, that is the ultimate cause of the myriad problems within the public school system of the United States. These problems, which are predictable, unintended consequences of tax funding, constitute the current education crisis. Since proposed voucher systems retain the inappropriate form of funding, the reforms will, in the long run, be unsuccessful; the tastes and preferences of those who ultimately control the use of tax dollars will still continue to drive educational policy

Economic growth · Economic interventionism · Economics · Human capital · Macroeconomics · Market economy · Political science · Politics · Public choice · Public economics · Public finance · School choice · Unintended consequences · Voucher · Welfare · Economic Policies and Impacts · Law · Public Administration · Accounting

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