Policy Memo

Policy Memo

The current policy memo describes the issues related to recreation and email regarding workplace. It is rooted in human capital theory which does not acknowledge the role of families and communities; neglects the opportunity costs of children's time; and assumes away labor market imperfections. By treating education strictly as a market good, it induces faulty institutional design.

By contrast, a neo-institutionalist paradigm would unbundled the various functions of education according to the kinds of goods produced. It would recognize the role of hierarchy and participation in primary education. It would use collective action theory to overcome the "free riding" ...