Paul E. Peterson and Eric A. Hanushek discuss the gains that U.S. students need to make in educational achievement to bring our nation up to the level of the highest-achieving countries. Making those academic gains would yield large increases in GDP, Peterson and Hanushek explain, which could allow the U.S. to address major social problems.
But the way to make those gains is not by increasing spending on schools, Peterson and Hanushek show.
The issues are addressed in more detail in their book (co-authored by Ludger Woessmann) Endangering Prosperity: A Global View of the American School.
This video is the second part of a presentation by Peterson and Hanushek. Please view part one here.