Make the investment

As capitalists, we understand and appreciate that things are valuable to individuals and that purchasing them is valuable to society. Perhaps because we are capitalists, we tend to define “things” as entities that are immediately and unequivocally responsive to the senses.

As a result, although “fair market value” has become the benchmark for assessing worth, it is conceptually inept as a measure of those “things” that are most important in our lives, among them faith, love, security, education. Yes, education.

What Do School Tests Measure?

According to a New York Times analysis, New York City students have steadily improved their performance on statewide tests since Mayor Michael Bloomberg took control of the public schools seven years ago. While statewide passing rates on the tests have risen in every grade on English and math tests, New York City’s scores have gone up [...]