Professor Becker thinks through the newspaper industry. I like the idea of newspapers being structured not unlike the BBC, if the market would otherwise not support private journalistic efforts. I think it's a pretty important service to society. Although, I think Becker underestimates the potential power of internet advertising. Google has made tons of money off of it, and newspaper companies may need a similar sort of revenue generating revolution. News sites may also become sources of analysis of news from experts, rather than just the source of the facts.
Monday, June 29, 2009
High School Performance, Newspapers
Mark Perry shows that high school GPAs are rising while SAT scores are falling. I think that this indicates two competing objectives. High schools want their students to have high GPAs so they can go to good colleges--which gives prestige. SAT scores are falling because they (College Board?) wants to be able to claim to have a difficult test, most capable of determining the quality of students. I wouldn't be surprised if high school students were more objectively performing about the same they always do.