LESON18A

LESON18A - Econ 275 - Public Finance - Fall 1992 - 11/3/92...

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Econ 275 - Public Finance - Fall 1992 - 11/3/92 - Lesson #18 - leson18a.275-- Page -- Admin Bring chalk 10 minutes at the end of class. Education Ch 15 Why does the government get involved with education. Is there a market failure. Equity issues, equality of opportunity. Externalities of an educated populace "The very spring and root of honesty and virtue lie in good education." Plutarch. "In proportion as the structure of a government gives force to public opinion, it is essential tht public opinion should be enlightened." Washington, Farewell Address Imperfect capital markets. This would suggest that if the government funds it then there should be no problem. But there is . High default rate on student loans. Types of government funding. Funding of public schools largely through property taxes. Funding of research Funding of state universities. Directed programs-Head start subsidies for loans Pell grants. GI bills
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This note was uploaded on 07/08/2010 for the course ECON 275 taught by Professor Mcintyre during the Winter '05 term at BYU.

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LESON18A - Econ 275 - Public Finance - Fall 1992 - 11/3/92...

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