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Education and Opportunity (Values and Capitalism) Paperback – July 16, 2014

5.0 5.0 out of 5 stars 7 ratings

Education has the potential to open incredible doors of opportunity for students. Yet despite unprecedented levels of public school funding and numerous reforms, far too many young people in America’s school system today never enjoy the opportunities afforded to students by a quality education.
In Education and Opportunity, Michael McShane proposes a market-based approach to education—one that fosters innovation and encourages competition, through charter schools, education savings accounts, and school choice. However, liberalization of the system is not enough. As with any sector of the economy moving from public monopoly to market control, effective stabilizing measures and supporting institutions are also necessary if the system is to be successful.
McShane lays out a comprehensive, compelling case for education reform that encourages a “marketplace of education options.” With new, innovative schooling options, Americans can ensure that their children will receive the high-quality education that is essential for their success.

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Product details

  • Publisher ‏ : ‎ Aei Press (July 16, 2014)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 82 pages
  • ISBN-10 ‏ : ‎ 0844772690
  • ISBN-13 ‏ : ‎ 978-0844772691
  • Item Weight ‏ : ‎ 3.2 ounces
  • Dimensions ‏ : ‎ 4.57 x 0.28 x 6.41 inches
  • Customer Reviews:
    5.0 5.0 out of 5 stars 7 ratings

Customer reviews

5 out of 5 stars
7 global ratings

Top reviews from the United States

Reviewed in the United States on October 2, 2014
Michael McShane has written a fantastic primer on the state of education today and how to fix it. First, McShane explains how a quality education is essential to future success. It can be the passport out of poverty.

Unfortunately, our education system is mediocre at best, and downright awful for most low-income kids. There's been no improvement in high school performance since the 1970's and we've fallen behind internationally (27th in math on the PISA). Even America's wealthy students aren't doing well compared to wealthy peers in foreign countries (28th).

McShane provides evidence that the poor-to-mediocre performance is not for lack of spending. Spending per pupil has nearly tripled in 40 years (after adjusting for inflation) but results are flat. Moreover, schools in low-income areas are often the best funded.

The disconnect between increased spending and flat performance partially explained by the rapid growth in the number of non-teaching staff relative to the growth in student enrollment. In 60 years, the number of students has increased by 96%, teachers by 252%, and non-teaching staff by 702%.

McShane explains how in the last half-century, school systems have been dramatically centralized due to the false progressive technocratic idea that there's "one best way" to teach and we know what that is. The unintended consequences of progressive reforms include a system that is too rigid, coddles failure, and thwarts improvement. Attempted reforms (more money! smaller classes! more staff! higher standards!) have failed to live up to their promises.

McShane concludes on a hopeful note, outlining how create a vibrant educational marketplace that empowers parents and students with choice and opportunity while fostering educational excellence. In his view, that will require "stabilization" (greater flexibility for parents re: how their education dollars are spent), "liberalization" (decentralization of schools so that they are locally or even privately managed), and "institution building" (greater access to capital for schools, possibly through social impact bonds).

McShane packs a lot of detail into this short book, but writing is clear and engaging. His diagnosis of what ails America's education system is empirical and persuasive. My only critique is I wish he had discussed his proposed solutions in greater detail, especially since some of his approach is refreshingly novel.
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Reviewed in the United States on July 17, 2019
A strong case for education and the definite difference it will make in one's life. This case is made while stressing the encouraging of parents in the important choices in determining the quality of education their children will get, for example private and charter schools and academies. Obviously, this holds true of individual who are making choices for themselves. Maybe the bottom line is: education is an investment and needs to be funded, for example with vouchers, tax credits, etc. Many reap the benefits of an educated person! McShane quotes Thomas Jefferson in this that students should have the opportunity to create the life they want for themselves, "without regard to wealth, birth, or other accidental condition or circumstance. "