In this paper, a conceptual framework is developed representing the dynamic optimization problem for maximizing educational quality subject to a limited amount of available funds. We then examine how the quality of education offered by a school system and the cost of producing education might be...

Data from two states are used for an analysis of the extent to which savings can be achieved through school consolidation. The relationship between per pupil expenditures and enrollment is examined. It is shown that per pupil expenditures for instruction are linked to teachers salaries and...

This is a new version of a series of color slides on social capital as presented at a conference on rural development presented in Tampa, Florida in 2004, and sponsored by the Southern Rural Development Center.

Farmland values have increased rapidly over the last decade in response to high incomes for crop farmers and inordinately low interest rates. Farmers have responded to these conditions by bidding up the price of good cropland. In addition, the long period of increasing land values, since the...