Debate Magazine

Free School Powered Rent Seeking

Posted on the 05 April 2017 by Markwadsworth @Mark_Wadsworth

Building on MW's previous posts.
Spotted at Guido Here
It's a gift that just keeps on giving.
Update

It has occurred to me that there may be another lesson to learn from this. That when people are able to make their own settlements for the education of their children then they are getting what they want rather than what a bureaucrat wants them to have.  This is clearly valued.  So the lesson here is not just that subsidies returns to rents but also that rents are higher when people perceive that better services are available, and in this case it means that they think more of education they have more control over than that provided centrally. 

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