Decline Education
Several reports have warned recently that the quality of education is falling in the U.S.A and is worse in comparison to 1955. There has been 71 per cent decline in the education quality and productivity index over the last 34 years, according to Grandfather Education Report by M W Hodges.
Robert T Jones, President and CEO National Alliance of Business argues in an article that the higher education in America is facing one of the most severe challenges in the recent years. The article highlights several issues resulting from global competition and, makes a strong plea for a system of corresponding change in American education.
An article in Businessweek of March 16, 2004, "America's failure in science education" makes a strong case for the necessity to improve American education on the basis of America falling behind their competitors in Western Europe and the advanced Asian nations.
A case in the American Supreme Court Zelman vs Simmons-Harris, a case in American Supreme Court has raised a series of issues concerning state funding and education. The issue in context of education raises the pertinent question of the market failure of education.
The closure of Chemistry and Music departments at Exeter University in 2004 exemplifies what we mean by the market failure of education. The vice chancellor of the university equated the closure with the market failure. The move at Exeter was justified by a budgetary deficit of 4.5 million pounds.
Human wants and needs are unlimited, while the supply of scarce resources is limited. Therefore, there arises the need to make choices between different resources that can be used in competing ways.
The fall in Chemistry enrolment (and pure science) means fall in demand while the supply is surplus. This justifies the action taken by some of the universities like Exeter, on purely economic grounds, in shifting resources to areas where demand could be relatively higher from the areas with low demand like a course in Chemistry.
Robert T Jones, President and CEO National Alliance of Business argues in an article that the higher education in America is facing one of the most severe challenges in the recent years. The article highlights several issues resulting from global competition and, makes a strong plea for a system of corresponding change in American education.
An article in Businessweek of March 16, 2004, "America's failure in science education" makes a strong case for the necessity to improve American education on the basis of America falling behind their competitors in Western Europe and the advanced Asian nations.
A case in the American Supreme Court Zelman vs Simmons-Harris, a case in American Supreme Court has raised a series of issues concerning state funding and education. The issue in context of education raises the pertinent question of the market failure of education.
The closure of Chemistry and Music departments at Exeter University in 2004 exemplifies what we mean by the market failure of education. The vice chancellor of the university equated the closure with the market failure. The move at Exeter was justified by a budgetary deficit of 4.5 million pounds.
Human wants and needs are unlimited, while the supply of scarce resources is limited. Therefore, there arises the need to make choices between different resources that can be used in competing ways.
The fall in Chemistry enrolment (and pure science) means fall in demand while the supply is surplus. This justifies the action taken by some of the universities like Exeter, on purely economic grounds, in shifting resources to areas where demand could be relatively higher from the areas with low demand like a course in Chemistry.