After 50 years, do the arguments for K- 12 vouchers still hold?
In 1955, Milton Friedman authored a foundational paper proposing a shift in┬á ┬áfunding and┬á ┬ágovernance mechanisms for┬á ┬ápublic K-12┬á ┬áschools, suggesting that parents be awarded tuition vouchers that they could use to pay for private sector education services for their children, rather than relying┬á ┬áon┬á ┬ágovernment┬á┬á provided┬á ┬áneighborhood┬á ┬áschools.┬á ┬áFriedman theorized three cases in which such a system might fail, requiring greater involvement of the government in the education system: the presence of a natural monopoly; substantial neighborhood effects; and a breakdown in free exchange. This article examines these concerns by applying more than 25 years of school choice research in an attempt to answer the question, ΓÇ£After 60 years, do the arguments for K-12 vouchers still hold?ΓÇ¥ Findings cited in this article suggest that Friedman was correct to be concerned about possible deleterious effects that may arise from a privatized system.
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