Education's Missing Apple: The Free Enterprise Solution? | Andrew J. Coulson | Cato Institute: Commentary

Education's Missing Apple: The Free Enterprise Solution? | Andrew J. Coulson | Cato Institute: Commentary: 'Take the now famous example of Jaime Escalante, whose low-income Hispanic students at Garfield High School were, by the mid-1980s, already besting their peers at Beverly Hills High on the Advanced Placement (AP) calculus exam. Though staggeringly successful, Escalante's program was not replicated. On the contrary, his own fellow teachers voted to relieve him as head of the math department after Escalante drew the ire of the local teachers' union because he welcomed over 50 students in his classrooms, while the union contract required no more than 35.'

'The same free enterprise system that has given us Google, Starbucks, and Apple works in education, too — if we let it. This system works for businesses through several key conditions: freedom to innovate, consumer choice, competition between providers, price signals, and the ability to distribute profits to investors.'

'In the Korean tutoring sector, it is not uncommon for the top teachers to have class sizes in the range of 20 to 40 thousand students, thanks to effective use of the Internet to distribute lessons. The best among them earn millions of dollars a year from profit sharing programs operated by the tutoring firms. The more effective a teacher becomes, and the larger the number of students who seek out her lessons, the more she earns.'

'hundreds of entrepreneurial independent schools currently operate in the slums of Hyderabad, India, vying to serve the children of day laborers and food-stall vendors whose poverty is beyond anything in America. These parent-funded independent schools outperform the local state-run schools, and they do so at a fraction of the cost — barely four dollars per month.'