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ERIC Number: ED462748
Record Type: Non-Journal
Publication Date: 2001-Jul
Pages: 31
Abstractor: N/A
Reference Count: N/A
The Economics of Education on Judgment Day. Occasional Paper.
Belfield, Clive R.; Levin, Henry M.
As an applied discipline based on evidence and guided by economic principles, the ultimate aims of the economics of education should be to influence outside opinion and shape policy. In a major court case based heavily on the economics of education, it can be seen how this knowledge base was interpreted by the New York Supreme Court on public-school funding in "Campaign for Fiscal Equity versus The State of New York" (2001). In this highly praised ruling, known as the "DeGrasse" decision, the court drew heavily on research evidence, along with direct testimony from noted academic economists and educationalists. Yet the court also challenged this evidence and testimony on both empirical and methodological grounds. The ruling therefore reflects a considered "outside opinion," and one made by an agency--the judiciary--with substantial influence both on policy and on the views of society at large. This article reviews the economic content of the ruling, that is, what the courts think about the economics of education. It also considers whether the benefits of court-mediated policies exceed the costs, that is, whether economists should view the courts as a good way of influencing policy. (Contains 61 references.) (Author/RT)
For full text:
Publication Type: Information Analyses; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Columbia Univ., New York, NY. National Center for the Study of Privatization in Education.
Identifiers - Location: New York