Thursday, April 28, 2011
The Laws of Economics Apply to Education
I find it interesting how comments on my article on the free-lance professor at The Pope Center has gotten similar arguments from friends, commenters at The Pope Center, and commenters at Phi Beta Cons. All are based on the same falacy: that the laws of economics somehow do not apply to education. If there is a demand for something and scarcity of supply, the laws of economics apply. Period.