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I'd argue that education is a public good. Even if you don't have kids, it seems like it would be in your interest to ensure that the people who will be running
by jokermatt999 16y ago
I'd argue that education is a public good. Even if you don't have kids, it seems like it would be in your interest to ensure that the people who will be running things in the future are informed and competent.
- enki 16y agoplease look up the terms 'public good' and 'private good'
- yummyfajitas 16y agoBy this logic, any investment is a public good. Of course, education isn't a public good. It's rivalrous (you and I can't simultaneously enjoy the same seat in a classroom) and excludible (if you don't pay, they don't let you in). That makes it a private good.
- jokermatt999 16y agoYou're correct on "not a public good", sorry. Complete economics brainfart; I was thinking public good = for the common good. I'm not sure who downvoted you or why, but I modded you back to +1. I do still think that education should be a function of the government, however. Edit to expand on my position: I had confused the terms public good and common good. I believe that a solid, (to some extent, but not as far as we are now) standardized education system is in the best interest of our nation. I don't think this could be provided privately.