Public Economics Essay Example | Topics and Well Written Essays - 2500 words

Public Economics - Essay ExampleThe major problem in the idea of pull down monopoly of public school stems from the fact that such an approach will improve woodland of public cultivation by increasing competition among schools. Several economists have pointed out to reasons that make political control of study inefficient. In fact, the poor performance of schools in America had been largely linked to the public control of education. Economists who withstand this notion believe that political force, instead of forces of competition, drives production otherwise, producers and consumers will end up spending more than time in catering to the political needs, instead of focusing on the satisfaction of consumers. Inefficiency creeps into the administration as producers become complacent under the protection of the government and consumers fail to obtain better quality of service. Public schools did not have to compete with their rivals, which had increased their social costs. The pu blic had no choice, but to charge up their children to local national schools. This rendered the whole system ineffective (Gwartney 159-173). Friedman has been one of the earliest economists who had suggested the chief rationales that lay foundation government intervention in the field of education, namely effects of the neighborhood and concerns of parents. The government had to make these dickens arguments in order to nationalize the system of education. However, according to the views of Friedman, the system of education could be improved without communisation and had introduced the concept ofeducation vouchers in schooling.