The dominant role played by the state in the financing, regulation, and provision of primary and secondary education … reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of … education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such …

tools of economics to assess the outcome of efforts to solve education’s equal opportunity problem in a range of countries … between education and parental income, the problematic past research on peer effects, tracking, the distribution of …