News Article

Director of Stanford’s CREDO: The free market does not work in education

At today’s City Club of Cleveland, the director of Stanford’s Center for Research on Educational Outcomes (CREDO) said something remarkable – the free market does not work in education.

The idea that the invisible hand of market forces will improve education has been fundamental to the argument for charter schools. The notion that someone who calls herself a “free market” thinker and who works at the free market Hoover Institution would say that the free market isn’t working for education is extraordinary. And especially for someone who just worked on a study paid for by the Thomas B Fordham Foundation — one of the country’s premier market-based education reform groups.

Here’s a post from Innovation Ohio’s Stephen Dyer explaining the significance of today’s comments. It includes a link to a podcast of today’s City Club presentation.