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• W76381680 abstract "With each passing year, the number and variety of school choice proposals continue to grow. The purpose of these proposals, whether implicit or explicit, is to reintroduce market forces to the field of elementary and secondary education. Education markets, it has been argued, are more efficient, academically effective, and responsive to the demands of families than state-run school monopolies. In the policy debates that arise over each new proposal, much emphasis is given to political viability, cost, and likely susceptibility to legal challenge. Less time is spent assessing a proposal's ability to create an effective education market. In fact, the specific requirements for the creation of effective education markets are seldom discussed. One way of addressing this deficit is to provide a metric for rating school reform plans based on the size and quality of the education marketplace they are likely to create. The current article suggests one such metric, which I have dubbed the Market Reform Metric. In the sections that follow, I discuss the purpose of the MRM, its design principles, its structure, and the raw input data that form the basis for its calculation. Because of the MRM's early stage of development, and because this article is intended as a nontechnical introduction, extensive discussion of the underlying calculations (and associated source citations) has been deferred to a more comprehensive publication to follow. Goals and Design Principles The purpose of the MRM is to predict the size and quality of the education market that is likely to be created by a given education policy proposal. It takes the details of the policy as its input data and uses them to produce a numeric score from 0 to 100. In addition to this overall rating, several subcomponent ratings are also calculated, allowing conclusions to be drawn about the strong and weak points of the proposal. The MRM is intended to advance several related goals: * To force a discussion of the necessary criteria for an effective and stable education market; * To provide a tool capable of indicating the extent to which a policy proposal will produce a competitive education industry; * And to sensitize school reformers and legislators to the reality that markets have more in common with ecosystems than with smorgasbords--that is, markets are synthetic wholes whose various components are often interdependent and indispensable. The initial implementation of the MRM is as a Microsoft Excel spreadsheet file, though, as mentioned in the conclusion of this article, an Internet Web page interface is on the drawing board. The design of the MRM was guided by four principles: reliability, objectivity, comprehensiveness (content validity), and accuracy (predictive validity). In order for the MRM to be useful it must be reliable, that is, it must consistently produce the same ratings for a given policy proposal regardless of who enters the data for that proposal. In other words, the need for subjective judgments on the part of the person entering data into the MRM must be kept to an absolute minimum. Objectivity in the calculations that comprise the MRM is equally important. The education policy details that the MRM measures, and the weights it ascribes to them, must be based as much as possible on empirical observations of actual school systems or on generally accepted axioms of economic theory. For example, there is considerable evidence that the responsiveness, efficiency, and effectiveness of schools is positively affected by the share of school funding that Andrew Coulson is a Senior Fellow in Education Policy at the Mackinac Center for Public Policy and an adjunct scholar with the Cato Institute. He thanks Myron Lieberman of the Education Policy Institute, John Merrifield of the University of Texas at San Antonio, and Neal McCluskey and David Salisbury of the Cato Institute for animated discussions about the measurement of education market reforms that informed the development of this metric. …" @default.
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• W76381680 date "2005-03-22" @default.
• W76381680 modified "2023-09-27" @default.
• W76381680 title "Measuring Market Education: Suggestions for Ranking School Choice Reforms" @default.
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