James Stanfield writes in Economic Affairs:
Although education may be important for economic growth, this does not mean that nationalising and centrally planning the whole sector is the best way forward, as this will restrict total investment in education (public and private) and will often result in education being provided which is of a low quality and of the wrong type. Increasing government investment in this type of education is likely to restrict growth by diverting scarce resources away from more productive uses...[continue reading(PDF)]
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