The Economics and Politics of Education | Robert P. Murphy and Jeffrey Tucker

More videos on education at: http://vforvoluntary.com/education

Recorded: June 28th, 2005

LUDWIG VON MISES INSTITUTE - CREATIVE COMMONS ATTRIBUTION 3.0

From: http://mises.org/document/2522/The-Ec...

• Category

  Education

[EMCPoint0fView]

I really liked this, I wish there were more lectures in the form of a conversation between two people. I like both of these guys separately but together they're great.

[Nielsio]

Check out 'This Week in Liberty' on Youtube. They are similar conversations between me and a guest.

[Chris Orton]

The discussion on free market education and the results it can have are exciting. I'd already hear about most of the ideas discussed, but just hearing it again really gets me going. Thanks for presenting all these awesome ideas.

[glennd7962]

Totally wrong on vaccination. There is something called "herd immuniity" and without compulsory vaccination it is unlikely to be achieved. It's an asymetrical payoff in the wrong direction. Look at what happened in Austraiia.

[Joseph Miller]

As I understood it, he was making the point that *because* the good that is being modeled isn't a continuous one (he used the word "binary" if I recall), even if you could determine the proper quantity, the outcome may not be optimal. In other words, the margins are wide so there are few people on the margins. It was just an empirical point that he was making.

[Rodney Brett]

That's very much in line with a "Chicago School" economist, but I get what you're saying.

[Erik Rand]

Professor Murphy somewhat misunderstands the argument for subsidies of public goods. He argues that subsidizing a certain action considered a public good will not change most people's decisions, which is true. However, the argument for subsidizing goods is that it changes possibly only a minority of people's decisions, but the proper amount of the public good is produced. A much better argument is proposed by Tucker: the government is incompetent at determining the proper quantity of the good

[EMCPoint0fView]

Thanks! Will do. 

[Pete Walker]

"Spillover effect" and "alleged public"; i.e., govt,, not public.