Market forces for schools are reflected in real estate prices. Houses in good school districts can go for 4x the cost of similar housing a few miles away if the schools are bad.
That’s right, but the schools themselves are not participating in the market feedback forces, their quality distribution is random (or worse).
This very observation is telling us that the entire system is outside the market (why, for example, people from other locations cannot choose this particular school if it is better than others?)
