Why? It’s not obvious that that is better than teaching a bit of everything. For instance, if 10% of jobs need a little bit of geography, then having only candidates who know nothing about geography is going to be a disadvantage to those employers.
Because people not knowing geography could be a disadvantage to employERs as well as employees. A minimal education system could be below the economic optimum.
This is like saying we need the government to mandate apple production, because without apples we might become malnourished which is bad. Why can’t the market solve the problem more efficiently? Where’s the coordination failure?
Why? It’s not obvious that that is better than teaching a bit of everything. For instance, if 10% of jobs need a little bit of geography, then having only candidates who know nothing about geography is going to be a disadvantage to those employers.
And thus, knowing geography becomes a comparative advantage to those who choose to study it. Why should the rest of us care?
Because people not knowing geography could be a disadvantage to employERs as well as employees. A minimal education system could be below the economic optimum.
This is like saying we need the government to mandate apple production, because without apples we might become malnourished which is bad. Why can’t the market solve the problem more efficiently? Where’s the coordination failure?
The market can’t solve (high school) education because education is mostly public.