The American Enterprise Institute is out today with a paper on improving the school choice marketplace.
The basic idea is that for choice to truly drive improvements in the education system, market forces need a chance to work. For that to happen, parents need to be able to select schools based on quality, and new, better schools need to be able to meet their demand.
The “demand” side of the equation begins with making scholarships and vouchers available. It also depends on giving parents the ability to make informed choices, and removing other barriers. The author of the paper, Mike McShane, recently edited a volume on the “supply” of new schools, which hasn’t always gotten the attention it deserves.
“Questions of whether or not vouchers or tax credits ‘work’ are becoming less important than understanding how they work and what can be done to make them work better,” McShane writes.
It’s worth checking out the report in full, but here are a few choice excerpts: