The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, focusing on the role of...

Per pupil expenditures on education in the United States have grown immensely in recent decades, yet student achievement has been stagnant. An abundance of research has sought to solve this enigma, much of it centered on the incentive structure facing administrators. Some recent papers use TIMSS...

Introduction / Caroline M. Hoxby and Kevin Stange -- What Healthcare Teaches Us about Measuring Productivity in Higher Education / Douglas Staiger -- The Productivity of U.S. Postsecondary Institutions / Caroline M. Hoxby -- Labor Market Outcomes and Postsecondary Accountability: Are Imperfect...

1. Introduction : markets, competition, and higher education -- 2. Sophism, academia, and Greek economics -- 3. Adam Smith and sophism : reaction to the endowment model -- 4. Virtue and early academia in the US -- 5. Academia and the rise of capitalism in the US -- 6. Corporate capitalism and...