Nicholas Barr - Education Quotes

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So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, imperfect capital markets, and external effects.

Nicholas Barr

Given the external benefits higher education creates, it is efficient that taxpayers subsidies should be a permanent part of the landscape.

Nicholas Barr

Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individual's investment in education confers a 'dividend' on future taxpayers.

Nicholas Barr