Mises Wire

Quote of the Day: Private Schools in Emerging Markets

Quote of the Day: Private Schools in Emerging Markets

The Rise of Private Universities:

Public schools teach "students to think about joining the commanding heights, not to become a junior partner in a firm," says University of Illinois economist Salim Rashid. "They [are] misfits when they get out into the real world." Many new private schools, on the other hand, offer practical courses, top teachers and accountability. "If you pay for education, you keep a much closer eye on it," says Rashid.

MSNBC is running a couple of interesting pieces detailing the stark differences between public, state-run educational facilities versus the burgeoning market for private academies in the developing world. Not only are the statistics intriguing, but so too are the realizations that economic laws do in fact penetrate the world of education.

- Do-It-Yourself Education

- Free Marketers

Via Joe Dunsmore.

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