As you may have noticed, the education reform debate has recently been dominated by economists, not educators. Guys like Dan Goldhaber, Eric Hanuschek and William Sanders have been making a pretty good living using economic theory and statistics to affect the course of education reform in this country. Now, I’m in no position to second-guess any of these people. Frankly, all three of them were probably smarter than I’ll ever be before they finished fifth grade.
No, my concern is whether education in general should follow economic principles at all. As I understand it, basic economics tells us to “minimize cost with regard to a given goal or maximize utility for a given level of cost or input.” If that’s the case, then I recently orchestrated a colossal waste of resources. Behold: