Friedman’s Voucher Theory

Friedman's Voucher Theory suggests that education should be funded through government-issued vouchers given directly to families, allowing them to choose any school—public or private—that suits their needs. This approach creates competition among schools, encouraging higher quality and innovation since schools strive to attract students. It aims to improve education accessibility and efficiency, giving parents more control over their children's education choices. Essentially, it replaces government-operated schools with a market-based system where funding follows the student, fostering accountability and diverse educational options.