Abstract
The education establishment and its cheerleaders would have us believe that America is not "investing enough in human capital." But while this rhetorical device has punch, it ignores the facts. Education budgets in the U.S. have never been larger, and they surpass those of virtually every other country. The problem is not in the level of investment, but in the return on that investment...
See table in the PDF file
...This is the usual result of such studies. According to Eric Hanushek of the University of Rochester, of 65 studies on the relationship of expenditures and achievement, only 20% found a positive impact, while 75% found no impact and 5% found negative impact.
- Copyright © 1990 by the American Academy of Pediatrics
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