Comment on Why Innovation Can't Fix America's ClassroomsparentComments−rayiner14yThe distinction between private goods and public goods is somewhat artificial. It's more useful to think in terms of externalities. Education doesn't just produce a private benefit, like a piece of cake. It produces a large positive externality.
Comments
The distinction between private goods and public goods is somewhat artificial. It's more useful to think in terms of externalities. Education doesn't just produce a private benefit, like a piece of cake. It produces a large positive externality.