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Abstract
The present challenge for educationists and economists is to resolve pressing problems inherent in social choice and the technical framework of education. Among these challenges is the conflict between means and ends of educational production, the reliable development of human capital, and resolution to problems of social inequality. The authors argue that a widening of the information base of education is necessary before solutions will adhere across the institutional domain.
Notes
1. Portions of this article are adapted from The Cost of Institutions (Citation2007), a book co‐authored by Rodriguez, Loomis and Joseph Weeres.