Journal Article

Government's role in primary and secondary education

Abstract: Traditionally, economists offer three broad rationales for government participation in education--market failure, externalities, and altruism. In this article, Lori Taylor describes the three rationales, discusses the economic evidence in their support, and examines their major implications for the role of government in primary and secondary education. She concludes that there is a significant public interest in education. However, the government's role is clearly a subordinate one; families should remain the primary educational decision makers--and the primary educational financiers. Finally, her analysis of the economic evidence suggests that while government has an interest in ensuring that schools produce desirable social outcomes, it does not necessarily have a role in providing educational services or in regulating the way in which private schools provide such services.

Keywords: Education;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic and Financial Policy Review

Publication Date: 1999

Issue: Q I

Pages: 15-24