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Item Details
Title: CLASS CLOWNS
HOW THE SMARTEST INVESTORS LOST BILLIONS IN EDUCATION
By: Jonathan A. Knee
Format: Hardback

List price: £30.00
Our price: £24.00
Discount:
20% off
You save: £6.00
ISBN 10: 0231179286
ISBN 13: 9780231179287
Availability: Usually dispatched within 1-3 weeks.
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Publisher: COLUMBIA UNIVERSITY PRESS
Pub. date: 29 November, 2016
Series: Columbia Business School Publishing
Pages: 288
Description: Professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education. Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies.
Synopsis: The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing, and they have, with surprising regularity, lost their shirts.In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors-including hedge fund titan John Paulson-who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment.Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent expose for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.
Publication: US
Imprint: Columbia University Press
Returns: Returnable
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