ERIC Number: ED323619
Record Type: RIE
Publication Date: 1990-May
Reference Count: 0
The "Acanemia" Deception. How the Myth That America "Lags" in Education Spending Threatens To Undermine National Competitiveness. Hudson Institute Briefing Paper No. 120.
Perelman, Lewis J.
The findings of a recent Economic Policy Institute report that asserts that U.S. schools are financially undernourished compared to other nations is critiqued in this paper. The argument is made that not only is there no systematic relationship between increased spending on education and academic performance, but also that increased spending is likely to cause economic decline. Spending more on obsolete, inefficient schools and colleges will waste resources and weaken the U.S. economy. Recommendations are made for the financing of restructuring, which include changes in resource allocation and investment in new technologies. To double educational productivity of U.S. investments in education and training by the year 2001, the suggestion is made that a minimum of 1 percent of educational institutional gross budgets be devoted to technological innovation (e.g., research, development, and technology). (39 references) (LMI)
Descriptors: Comparative Analysis, Educational Finance, Educational Trends, Elementary Secondary Education, Expenditure per Student, Futures (of Society), Productivity, Resource Allocation, School Restructuring, Statistical Bias, Technological Advancement
Publications, Hudson Institute, Herman Kahn Center, P.O. Box 26-919, Indianapolis, IN 46226 ($5.00).
Publication Type: Opinion Papers
Education Level: N/A
Authoring Institution: Hudson Inst., Indianapolis, IN.
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