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Maybe there's a way to align incentives? E.g. schools are (partially) government-funded, but the funding is a function of the taxes that people who have attende
by tomp 7y ago
Maybe there's a way to align incentives? E.g. schools are (partially) government-funded, but the funding is a function of the taxes that people who have attended the school pay.
Still there are a few issues that would need to be fixed, off the top of my head: (1) the function should simply be a mean, to make schools focus on desired outcomes (e.g. the minimal (or 5th percentile) education) - otherwise they'd just focus on producing a few outliers, like VCs; (2) there needs to be a "default" funding available (e.g. average of all schools) to enable innovation (starting new schools); (3) there needs to be some funding available for "non-profit" education (e.g. art) but maybe there should be a limit on the number of people that can attend such schools (for free).