Is university education a public good

Horace Mann, often called the father of American public schooling, and others argued that government-run common schools were necessary to bring together children from diverse backgrounds and to inculcate a uniform set of American values that would contribute to a stable and cohesive democratic society. Taxpayer-funded and government-run schools exist in all 50 states. This likely is attributable to many people with good intentions, like Mann, thinking that common schools could improve society overall. However, there are opportunity costs to maximizing education. For example, someone who pursues 10 college degrees may achieve a well-rounded and advanced education without contributing much to other individuals in society.
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Why education isn’t a public good — and why government doesn’t have to provide it

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Education is a public good, not a private commodity

Despite several attempts to dispel the idea that K education meets the economic criteria for a public good, this trope is still kicking around. But what do people even mean when they say education is a public good? Think of air, or a pdf file, or a neighborhood fireworks show. And my neighbor could not effectively exclude me from enjoying those things. K education has neither of these qualities. First, it is rivalrous as long as you think class size affects educational quality , for instance, you believe education is rivalrous to some degree. K education is also excludable.
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Is Public Schooling a Public Good? An Analysis of Schooling Externalities

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If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! Alone in his office, a professor holds his notes in one hand and a microphone in the other. Students sitting in Cambridge Common or along the banks of the Charles River listen to the lecture.
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