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Study

The Policies: Which Way to the Market?

By Andrew J. Coulson, published on April 30, 2004

Unfettered education markets with financial assistance for all who need it are clearly the best means of meeting our goals, but how do we get there from here? We need to come up with a policy for reintroducing market education that is viable legally, politically, and functionally. The two most obvious candidates among the existing panoply of school choice programs are vouchers and tax-credits. These programs are put to the test in the sections that follow.

SKU: S2004-01
shaking hands

Forging Consensus

  • Executive Summary
  • Introduction
  • The Goal: What Are We Trying to Achieve?
  • The Strategy: Smorgasbord or Model System?
  • The Search: Looking for a Better System of Education
  • The System: Market Education
  • The Policies: Which Way to the Market?
    • Vouchers in Theory and Practice
    • Tax-Credits in Theory and Practice
    • Common Design Considerations
    • Outline of an Optimal Voucher Program
    • Outline of an Optimal UETC Tax Credit Program
    • Vouchers vs. Tax-Credits: Legal and Political Comparison of Optimal Programs
    • Vouchers vs. Tax-Credits: Functional Comparison of Optimal Programs
  • Conclusions and Recommendations
  • Endnotes
  • About the Author

More by Andrew J. Coulson

How Michigan Could Save $3.5 Billion a Year
What Really Determines School District Spending?

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