by Gregory van Kipnis
The American Institute for Economic Research
Since when are we denied choice in our consumption decisions? That certainly is not the case in free markets. Only when there is a monopoly are we denied choice. The negative consequences of that are well known, and there is a long tradition in the United States of monitoring and breaking up monopolies. At a later point, there will be discussion about how public education monopolies came about but, suffice it to say, there is no longer an economic justification for them. Monopolies produce goods and services at a higher price and a lower quality than would be obtained in a competitive market. That is certainly the case with public education.
The purpose of this study is to report on data and facts gathered about the relative costs and benefits of public school education versus the alternatives. Data was found that we believe has not been analyzed before, despite their existence in databases available from reliable US government agencies.