search query: @journal_id 771 / total: 163
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| Author: | Prabhakar, R. |
| Title: | Markets, tacit knowledge and education |
| Journal: | Economic Affairs
2002 : JUN, VOL. 22:2, p. 41-46 |
| Index terms: | Markets Knowledge Education |
| Language: | eng |
| Abstract: | James Tooley argues that markets in education are both feasible and desirable. Focusing on compulsory schooling he advocates liberalisation organized around individual learning accounts and competing suppliers. He argues his views are implicitly informed by Hayeks economic analysis. This article's author builds on this here by drawing particular attention to Hayeks distinction btw. tacit and codifiable knowledge. It is argued that this makes Tooleys theoretical critique of compulsory schooling even more far-reaching, as well as pointing to additional policy reforms. These implications are compared with actual schools policy under New Labour. |
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