The relative deficiencies of U.S. public schools are a serious concern to parents and policymakers. But they should be of concern to all Americans, as a globalizing world introduces new competition for talent, markets, capital, and opportunity. In Endangering Prosperity, a trio of experts on international education policy compares the performance of American schools against that of other nations. The net result is a mixed but largely disappointing picture that clearly shows where improvement is most needed. The authors' objective is not to explain the deep causes of past failures but to document how dramatically the U.S. school system has failed its students and its citizens. It is a wake-up call for structural reform. To move forward to a different and better future requires that we understand just how serious a situation America faces today. For example, the authors consider the Programme for International Student Assessment (PISA), an international mathematics examination. America is stuck in the middle of average scores, barely beating out European countries whose national economies are in the red zone. U.S. performance as measured against stronger economies is even weaker - in total, 32 nations outperformed the United States. The authors also delve into comparative reading scores. A mere 31 percent of U.S. students in the class of 2011 could perform at the "proficient" level as measured by the National Assessment of Educational Progress (NAEP) program, compared with South Korea's result of 47 percent. And while some observers may downplay the significance of cross-globe comparisons, they should note that Canadian students are dramatically outpacing their U.S. counterparts as well. Clearly something is wrong with this picture, and this book clearly explicates the costs of inaction. The time for incremental tweaking the system is long past - wider, deeper, and more courageous steps are needed, as this book amply demonstrates with accessible prose, supported with hard data that simply cannot be ignored.

Topics include:Part One: Voters and Elections The New Two-Party System The Economic Basis of Reagan's Appeal Incumbency and Realignment in Congressional Elections Campaigning, Governing, and the Contemporary Presidency The Republican Advantage in Campaign Finance The Rise of National Parties Part Two: Institutions and Policy New Patterns of Decisionmaking in Congress The Politicized Presidency Federalism and the Bias for Centralization Controlling Entitlements Security Policy The New Politics of Deficits

This book explores the application of Scalia's textualism and originalism to education law and reflects upon Scalia's teachings and his pedagogy. Education law may seem to be an odd vehicle for considering Scalia's constitutional approach, but thinking about schools requires attention to political fundamentals-freedom of speech, free exercise of religion, equality of opportunity, federalism, and the proper role of the expert. Legal scholars, philosophers, and political scientists provide both critiques and apologies for Scalia's approach.

Commodity Derivatives: A Guide for Future Practitioners describes the origins and uses of these important markets. Commodities are often used as inputs in the production of other products, and commodity prices are notoriously volatile. Derivatives include forwards, futures, options, and swaps; all are types of contracts that allow buyers and sellers to establish the price at one time and exchange the commodity at another. These contracts can be used to establish a price now for a purchase or sale that will occur later, or establish a price later for a purchase or sale now. This book provides detailed examples for using derivatives to manage prices by hedging, using futures, options, and swaps. It also presents strategies for using derivatives to speculate on price levels, relationships, volatility, and the passage of time. Finally, because the relationship between a commodity price and a derivative price is not constant, this book examines the impact of basis behaviour on hedging results, and shows how the basis can be bought and sold like a commodity. The material in this book is based on the author's 30-year career in commodity derivatives, and is essential reading for students planning careers as commodity merchandisers, traders, and related industry positions. Not only does it provide them with the necessary theoretical background, it also covers the practical applications that employers expect new hires to understand. Examples are coordinated across chapters using consistent prices and formats, and industry terminology is used so students can become familiar with standard terms and concepts. This book is organized into 18 chapters, corresponding to approximately one chapter per week for courses on the semester system.

Local school boards have traditionally assigned the school that a child is to attend. Only by selecting their neighborhoods have parents exercised their choice of school. In recent years, this tradition has slowly given way to magnet schools, inter-district choice programs, charter schools, voucher programs, and many other forms of choice, creating a new environment for school decision making. At the same time, market concepts are under consideration for the recruitment and compensation of teachers and principals. As a result, the world of education is becoming more competitive. In a group of essays originally published in Education Next: A Journal of Opinion and Research, this book examines the likely promise and pitfalls of these changes in American education. Overall, these essays paint the picture of an education landscape that will be greatly shaped by choice and competition in the 21st century.

A comprehensive exploration of 21st Century school politics, Teachers versus the Public offers the first comparison of the education policy views of both teachers and the public as a whole, and reveals a deep, broad divide between the opinions held by citizens and those who teach in the public schools. Among the findings: Divisions between teachers and the public are wider and deeper than differences between other groups often thought to contest school policy, such as Republicans and Democrats, the young and the old, the rich and the poor, or African Americans and whites. The teacher-public gap is widest on such issues as merit pay, teacher tenure reform, impact of teacher unions, school vouchers, charter schools, and requirements to test students annually. Public support for school vouchers for all students, charter schools, and parent trigger laws increases sharply when people are informed of the national ranking of student performance in their local school district. Public willingness to give local schools high marks, its readiness to support higher spending levels, and its support for teacher unions all decline when the public learns the national ranking of their local schools. On most issues, teacher opinion does not change in response to new information nearly as much as it does for the public as a whole. In fact, the gap between what teachers and the public think about school reform grows even wider when both teachers and the public are given more information about current school performance, current expenditure levels, and current teacher pay. The book provides the first experimental study of public and teacher opinion. Using a recently developed research strategy, the authors ask differently worded questions about the same topic to randomly chosen segments of representative groups of citizens. This approach allows them to identify the impact on public opinion of new information on issues such as student performance and school expenditures in each respondent's community. The changes in public opinion when citizens receive information about school performance are largest in districts that perform below the national average. Altogether, the results indicate that support for many school reforms would increase if common core state standards were established and implemented in such a way as to inform the public about the quality of their local schools. These and many other findings illuminate the distance between teacher opinions and those of the public at large. About the Research: In partnership with the Harvard Program on Education Policy and Governance and the journal, Education Next, authors Paul E. Peterson, Martin West and Michael Henderson surveyed nationally representative samples of teachers and the public as a whole annually between 2007 and 2013.

Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal systems. The attendant political controversies have become the debate of a generation. Paul Peterson and Daniel Nadler have assembled experts from both sides of the Atlantic to break down the structural flaws in federal systems of government that have led to economic and political turmoil. Proposed solutions offer ways to preserve and restore vibrant federal systems that meet the needs of communities struggling for survival in an increasingly unified global economy. Contributors: Andrew G. Biggs (American Enterprise Institute); Cesar Colino (National Distance Education University, Madrid, Spain); Eloisa del Pino (Instituto de Politicas y Bienes Publicos, Madrid, Spain); Henrik Enderlein (Hertie School of Governance, Berlin, Germany); Cory Koedel (University of Missouri, USA); Carlos Xabel Lastra-Anadon (Harvard University, USA); Daniel Nadler (Harvard University, USA); Shawn Ni (University of Missouri, USA); Amy Nugent (Government of Ontario, Canada); James Pearce (Mowat Centre, University of Toronto, Canada); Paul E. Peterson (Harvard University, USA); Michael Podgursky (University of Missouri, USA); Jason Richwine (Washington, D.C. USA); Jonathan Rodden (Stanford University, USA); Daniel Shoag (Harvard University, USA); Richard Simeon (University of Toronto, Canada); Camillo von Muller (University of St. Gallen, Switzerland, and Leuphana University, Germany); Daniel Ziblatt (Harvard University, USA)

"The voucher debate has been both intense and ideologically polarizing, in good part because so little is known about how voucher programs operate in practice. In The Education Gap, William Howell and Paul Peterson report new findings drawn from the most comprehensive study on vouchers conducted to date. Added to the paperback edition of this groundbreaking volume are the authors' insights into the latest school choice developments in American education, including new voucher initiatives, charter school expansion, and public-school choice under No Child Left Behind. The authors review the significance of state and federal court decisions as well as recent scholarly debates over choice impacts on student performance. In addition, the authors present new findings on which parents choose private schools and the consequences the decision has for their children's education. Updated and expanded, The Education Gap remains an indispensable source of original research on school vouchers. ""This is the most important book ever written on the subject of vouchers.""-John E. Brandl, dean, Hubert H. Humphrey Institute of Public Affairs, University of Minnesota ""The Education Gap will provide an important intellectual battleground for the debate over vouchers for years to come.""-Alan B. Krueger, Princeton University ""Must reading for anyone interested in the battle over vouchers in America.""-John Witte, University of Wisconsin "

Local school boards have traditionally assigned the school that a child is to attend. Only by selecting their neighborhoods have parents exercised their choice of school. In recent years, this tradition has slowly given way to magnet schools, inter-district choice programs, charter schools, voucher programs, and many other forms of choice, creating a new environment for school decision making. At the same time, market concepts are under consideration for the recruitment and compensation of teachers and principals. As a result, the world of education is becoming more competitive. In a group of essays originally published in Education Next: A Journal of Opinion and Research, this book examines the likely promise and pitfalls of these changes in American education. Overall, these essays paint the picture of an education landscape that will be greatly shaped by choice and competition in the 21st century.

WILL SOCIAL SECURITY BE THERE WHEN YOU NEED IT?

Since its creation in 1935, the Social Security System has provided millions of Americans with a dependable safety net of retirement income, disability help, medical assistance, and other benefits. But today there are serious concerns about the future of the system, along with alarming and confusing proposals for its reform, repair, abandonment, or preservation.

THE SOCIAL SECURITY PRIMER cuts through the confusion and explains clearly what the problems are, how they came about, and what solutions are being proposed. Written by the author of the award-winning newspaper column "Money in America", it shows you what needs to be done to put the system on a sound footing well into the next century.

With this concise, easy-to-read primer, you'll know exactly how Social Security works and how it evolved ... see how the system is viewed by different generations ... and learn the real nature of the Social Security crisis. You'll discover new ways of looking at the system and its problems ... understand the full implications of the push for privatization ... and see clearly the pros and cons of the various proposals for reform.

Whether you are already receiving benefits, about to retire, or just starting to work, you will be profoundly affected by whatever changes are made in the system. Get the information to decide for yourself what needs to be done to save Social Security!

Strobel and Peterson offer a clear, accessible analysis of the worsening distribution of income and wealth in America. In addressing the decline of the middle class, the authors determine not only that the middle class has continued to shrink but that the majority of economic benefits have become concentrated into fewer and fewer hands. There is a close analysis of the linkage between economic and political power, as well as the increasing inability of the growing lower and shrinking middle classes to voice their economic views in Washington.

The result is a uniquely American form of class conflict, which adds to our historic racial tension, and new clashes along gender and generational lines. Widening income disparities further split society. Single issue politics often emerge as a refuge for those voters unwilling or unable to deal with these complicated and seemingly insoluble issues.

To prevent further class conflict in the coming quarter century, the authors outline strategic changes in policy, including a plan to strengthen social security. Anyone with an interest in current economic issues and problems will find this book helpful in understanding how the worsening income and wealth distribution came about, the consequences inherent in this situation, and suggestions for the future.

The essays in this book try to separate the truth about poverty, social dislocation, and changes in America family life from the myths that have become part of contemporary folklore. These essays also show the reasons for poverty among children, demonstrate that the main issue is not so much a growth in the size of the underclass as the persistence of poverty decades after the country thought it had addressed the problem, and they point out the paradox of poverty in a wealthy nation will continue until society makes greater efforts to provide all citizens with improved educational and economic opportunities as well as adequate income maintenance in times of need.

Effective government requires that institutions be strong enough to control the efforts of organized, entrenched special interests in favor of the broader interests shared but poorly articulated by most members of society. Recent changes in our institutions and in the problems they face raise doubts about the capacity of contemporary American government to handle these parochial forces. Congress has seemingly become more fragmented, the presidency more politicized, and the bureaucracy more labyrinthine. After a decade or more of trying, our institutions have not mastered a variety of problems--the budget deficit, the trade imbalance, and energy insecurity--that threaten society's general interest in an economic future as bright as its past. Can the Government Govern? argues that the problem is inherently and substantially institutional and discusses the politically difficult requirements for overcoming it. In so doing, this volume opens the debate and public discussion necessary for change. Contributors include John E. Chubb writing on energy policy, David B. Yoffie on trade policy, Paul E. Peterson and Mark Rom on macroeconomic policy, Samuel Kernell on the presidency, Kenneth A. Shesple on Congress, and Terry M. Moe on the bureaucracy.

The many recent high profile corporate scandals highlight the need for companies to do a better job of integrating ethics and responsibility into business decisions - and for business schools to integrate ethics awareness and training into their curricula. This volume sets the agenda for business ethics and corporate responsibility in the future. It brings together ideas, challenges, and proposed solutions for thinking about - and implementing - effective ethics programs in business schools and business organizations. Edited by two highly regarded business educators, and featuring contributions by leading scholars and administrators, Business Ethics: New Challenges for Business Schools and Corporate Leaders covers all dimensions of ethical decision making - individual, organizational, and societal. The thirteen original chapters offer new and emerging perspectives for creating ethical business leadership and developing organizational ethics initiatives.

Commodity Derivatives: A Guide for Future Practitioners describes the origins and uses of these important markets. Commodities are often used as inputs in the production of other products, and commodity prices are notoriously volatile. Derivatives include forwards, futures, options, and swaps; all are types of contracts that allow buyers and sellers to establish the price at one time and exchange the commodity at another. These contracts can be used to establish a price now for a purchase or sale that will occur later, or establish a price later for a purchase or sale now. This book provides detailed examples for using derivatives to manage prices by hedging, using futures, options, and swaps. It also presents strategies for using derivatives to speculate on price levels, relationships, volatility, and the passage of time. Finally, because the relationship between a commodity price and a derivative price is not constant, this book examines the impact of basis behaviour on hedging results, and shows how the basis can be bought and sold like a commodity. The material in this book is based on the author's 30-year career in commodity derivatives, and is essential reading for students planning careers as commodity merchandisers, traders, and related industry positions. Not only does it provide them with the necessary theoretical background, it also covers the practical applications that employers expect new hires to understand. Examples are coordinated across chapters using consistent prices and formats, and industry terminology is used so students can become familiar with standard terms and concepts. This book is organized into 18 chapters, corresponding to approximately one chapter per week for courses on the semester system.

As federal funding for public broadcasting wanes and support from corporations and an elite group of viewers and listeners rises, public broadcasting's role as vox populi has come under threat. With contributions from key scholars from a wide variety of disciplines, this volume examines the crisis facing public broadcasting today by analyzing the institution's development, its presentday operations, and its prospects for the future. Covering everything from globalization and the rise of the Internet, to key issues such as race and class, to specific subjects such as advertising, public access, and grassroots radio, Public Broadcasting and the Public Interest provides a fresh and original look at a vital component of our mass media.

As federal funding for public broadcasting wanes and support from corporations and an elite group of viewers and listeners rises, public broadcasting's role as vox populi has come under threat. With contributions from key scholars from a wide variety of disciplines, this volume examines the crisis facing public broadcasting today by analyzing the institution's development, its presentday operations, and its prospects for the future. Covering everything from globalization and the rise of the Internet, to key issues such as race and class, to specific subjects such as advertising, public access, and grassroots radio, Public Broadcasting and the Public Interest provides a fresh and original look at a vital component of our mass media.

Winner of the 1981 Woodrow Wilson Foundation Award for the best book published in the United States on government, politics, or international affairs.
""City Limits" radically reinterprets urban politics by deriving its dominant forces from the logic of the American federal structure. It is thereby able to explain some pervasive tendencies of urban political outcomes that are puzzling or scarcely noticed at all when cities are viewed as autonomous units, outside the federal framework. Professor Peterson's analysis is imaginativelyfor conceived and skillfully carried through. His beautifully finished volume will lastingly alter our understanding of urban affairs in America."--from the citation by the selection committee for the Woodrow Wilson Foundation Award

The contemporary debate over racial classification has been dominated by fringe voices in American society. Cries from the right say history should be abrogated and public policy made color-blind, while zealots of the left insist that all customs, language, institutions, and practices are racially tinged and that only aggressive, color-conscious programs can reverse the course of American history. The essays in this volume, however, recognize that racial classification is an issue that cuts too deep and poses too many constitutional questions to be resolved by slogans of either the right or the left. The contributors to this volume are James Alt, Kenneth Benoit, Henry Brady, John Bruce, Rodolfo O. de la Garza, Andrew Gelman, Lani Guinier, Fredrick C. Harris, Gary King, Robert C. Lieberman, David Ian Lublin, David Metz, Paul E. Peterson, Kay Lehman Schlozman, Kenneth Shepsle, Theda Skocpol, Katherine Tate, Richard Valelly, Sidney Verba, and Margaret Weir. Originally published in 1995. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

"""Adequacy lawsuits"" have emerged as an alternative strategy in pursuit of improved public education in America. Plaintiffs allege insufficient resources to provide students with the quality of education promised in their state's constitution, hoping the courts will step in and order the state to increase its level of aid. Since 1980, 45 of the 50 states have faced such suits. How pervasive-and effective-is this trend? What are its ramifications, at the school district level and on a broader scope? This important new book addresses these questions. The contributors consider the legal theory behind adequacy lawsuits, examining how the education clauses in state constitutions have been reinterpreted. According to James Guthrie and Matthew Springer, this trend has more fully politicized the process of cost modeling in school finance. Frederick Hess looks at the politics of adequacy implementation. Research by Christopher Berry of Harvard finds that the most significant result of the movement has not resulted in broad-ranging changes in school funding. How the No Child Left Behind Act and adequacy lawsuits impact one another is an especially interesting question, as addressed by Andrew Rudalevige and Michael Heise. This is the most comprehensive analysis to date of the adequacy lawsuit strategy, a topic of increasing importance in a controversial area of public policy that touches virtually all Americans. It will be of interest to readers engaged in education policy discussions and those concerned about the power of the courts to make policy rather than simply to enforce it. "

"The 2002 No Child Left Behind Act is the most important legislation in American education since the 1960s. The law requires states to put into place a set of standards together with a comprehensive testing plan designed to ensure these standards are met. Students at schools that fail to meet those standards may leave for other schools, and schools not progressing adequately become subject to reorganization. The significance of the law lies less with federal dollar contributions than with the direction it gives to federal, state, and local school spending. It helps codify the movement toward common standards and school accountability. Yet NCLB will not transform American schools overnight. The first scholarly assessment of the new legislation, No Child Left Behind? breaks new ground in the ongoing debate over accountability. Contributors examine the law's origins, the political and social forces that gave it shape, the potential issues that will surface with its implementation, and finally, the law's likely consequences for American education. "

While educators, parents and policymakers are still debating the pros and cons of school choice, it is now possible to learn from choice experiments in public, private, and charter schools across the country. This book examines the evidence from these early school choice programs and looks at the larger implications of choice and competition in education.

Paul Peterson makes a strong case for school choice in central cities, and coeditor Bryan Hassel offers the case for charter schools. John E. Brandl offers his vision of school governance in the next century. The book's other contributors--economists, political scientists, and education specialists--provide case studies of the experience with voucher programs in Indianapolis, San Antonio, Cleveland, and Milwaukee; survey charter schools; analyze public school choice; discuss constitutional issues; and study the effects of private education on democratic values.

Contributors include David J. Armor, George Mason University; Chester E. Finn Jr. and Bruno V. Manno, Hudson Institute; Caroline M. Hoxby, Harvard University; Brett M. Peiser, Partnerships in Learning; and Joseph P. Viteritti, New York University.

What is the price of federalism? Does it result in governmental interconnections that are too complex? Does it create overlapping responsibilities? Does it perpetuate social inequalities? Does it stifle economic growth?

To answer these questions, Paul Peterson sets forth two theories of federalism: functional and legislative. Functional theory is optimistic. It says that each level of the federal system is well designed to carry out the tasks for which it is mainly responsible. State and local governments assume responsibility for their area's physical and social development; the national government cares for the needy and reduces economic inequities. Legislative theory, in contrast, is pessimistic: it says that national political leaders, responding to electoral pressures, misuse their power. They shift unpopular burdens to lower levels of government while spending national dollars on popular government programs for which they can claim credit.

Both theories are used to explain different aspects of American federalism. Legislative theory explains why federal grants have never been used to equalize public services. Elected officials cannot easily justify to their constituents a vote to shift funds away from the geographic area they represent. The overall direction that American federalism has taken in recent years is better explained by functional theory. As the costs of transportation and communication have declined, labor and capital have become increasingly mobile, placing states and localities in greater competition with one another. State and local governments are responding to these changes by overlooking the needs of the poor, focusing instead on economic development. As a further consequence, older, big cities of the Rust Belt, inefficient in their operations and burdened by social responsibilities, are losing jobs and population to the suburban communities that surround them.

Peterson recommends that the national government adopt policies that take into account the economic realities identified by functional theory. The national government should give states and localities responsibility for most transportation, education, crime control, and other basic governmental programs. Welfare, food stamps, the delivery of medical services, and other social policies should become the primary responsibility of the national government.

"The best way of handling the question of how much to give the poor, politicians have discovered, is to avoid doing anything about it at all," note Paul Peterson and Mark Rom. The issue of the minimum people need in order to live decently is so difficult that Congress has left this crucial question to the states --even though the federal government foots three-fourths of the bill for about 15 million Americans who receive cash and food stamp benefits.

The states differ widely in their assessment of what a family needs to meet a reasonable standard of living, and the interstate differences in welfare benefits cannot be explained by variations in wage levels or costs of living. The states with higher welfare benefits act as magnets by attracting or retaining poor people. In the competition to avoid becoming welfare havens, states have cut welfare benefits in real dollars by more than one-third since 1970. The authors propose the establishment of a minimum federal welfare standard, which would both reduce the interstate variation in welfare benefits and stem their overall decline.

Peterson and Rom develop their argument in four steps. First they show how the politics of welfare magnets works in a case study of policymaking in Wisconsin. Second, they present their analysis of the overall magnet effect in American state politics, finding evidence that states with high welfare benefits experiencing disproportionate growth in their poverty rates make deeper welfare cuts. Third, they describe the process by which the current system came into being, identifying the reform efforts and political crises that have contributed to the centralization of welfare policy as well as the regional, partisan, and group interests that have resisted these changes. Finally, the authors propose a practical step that can go a long way toward achieving a national welfare standard; then assess it's cost, benefits, and political feasibility.

Twenty years ago cooperative federalism, in the form of federal grant-in-aid programs administered by state and local governments, was applauded almost without reservation as the best means of helping the handicapped, the educationally disadvantaged, the poor, and other groups with special needs. More recently these same programs have been criticized for excessive regulations and red tape, bureaucratic ineptitude, and high cost. The criticisms have been used to justify efforts to curb federal domestic spending and terminate many grants-in-aid.In When Federalism Works, Paul E. Peterson, Barry G. Rabe, and Kenneth K. Wong examine the new conventional wisdom about federal grants. Through documentary research and hundreds of interviews with local, state, and federal administrators and elected officials, they consider the implementation and operation of federal programs for education, health care, and housing in four urban areas to learn which programs worked, when, and why. Why did rent subsidy programs encounter seemingly endless difficulties, while special education was a notable success? Why did compensatory education fare better in Milwaukee than in Baltimore? Among the factors the authors find significant are the extent to which a program is directed toward groups in need, the political and economic circumstances of the area in which it is implemented, and the degree of professionalism among those who administer it at all levels of government. When Federalism Works provides a solid introduction to the most important grant-in-aid programs of the past twenty years and a thoughtful assessment of where they might be going.