Privatization is the transfer of ownership, property or business from the government to the private sector. Most schools in the country today are owned by the US. Government. Economically speaking, the market for schools is monopoly based, meaning that most of the market consists of the business owned by the government. The issues with a monopoly is that the seller sets the price where the highest amount of profit is made, causing the business to be inefficient. By creating a bigger private sector in the market for schools, a more competitive market structure would arise. Firms would be competing for profits at the lowest price possible for the customer, forcing the firms to be efficient. Theoretically this would be beneficiary to the school system because privatized schools would act as a competitive market, working efficiently to make profits. To test the efficiency of a school we often look at student test performance and college acceptance rates, which clearly seem to be higher for private schools than for public. In theory of dealing with privatization of schools, efficiency would come from improving the resources of the school. Some of these resources would include the quality of teachers, technology available to the students, and smart learning class rooms. According to the theory of competitive market, an improvement in resources will allow the firm to produce a higher output more efficiently.

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Privatization Link to Tableau Visualizations 1

Privatization Link to Tableau Visualizations 2

Wealth inequality is a phenomenon which has been in existence throughout the entirety of human history. Whether or not one regards an unequal distribution of wealth as fair or just, one thing is certain – it yields inefficiencies in the marketplace. In particular industries, these inefficiencies can be so severe as to result in market failure. The market failure this paper focuses on and attempts to address is the market of education, specifically with regard to high schools in Connecticut. Public goods arise from market failures, where the government steps in and becomes a solution to this failure in the market. In this case, however, the government has not properly remedied this issue as Connecticut clearly faces an unequal distribution of funds with regard to education. The Connecticut Coalition of Justice in Education Funding (CCJEF), in its ongoing court trial against Governor Rell, advocates on behalf of those school districts who face this inequitable distribution and are forced to deal with its unfortunate consequences. The main focus of this paper is to establish whether or not Stamford should be part of the court case.

Graduation Rates Tableau Visualizations