increasingly involving economists, produced inconsistent results about the impact of school resources on student performance, leading to considerable controversy in policy discussions. The interpretation of the various studies has been very controversial, in part because the findings have directly influenced policy debates. Two separate lines of study have been particularly widely debated. The overall question of whether added funds to schools are likely to produce higher achievement (the “money doesn’t matter” debate) has entered into legislative debates and court consideration of school finance systems. Additionally, policy discussions about class size reduction heightened academic study of the relationship of class size and achievement. Notable education economists Eric Hanushek Lawrence F. Katz Stephen Machin Douglas Staiger Ludger Wößmann Karthik Muralidharan Costas Meghir Thomas Kane Caroline Hoxby Bruce Sacerdote Victor Lavy Philip Oreopoulos Brian Jacob Morton O. Schapiro Paul Glewwe Jere Behrman Bridget Terry Long Parag Pathak Jesse Rothstein Joshua Angrist Charles Clotfelter David Card Claudia Goldin Richard Murnane James Heckman Alan Krueger Sarah E. Turner See also Academic inflation Education policy Educational devaluation The Case Against Education Sources Notes References Roland Bénabou, 1996."Heterogeneity, Stratification, and Growth: Macroeconomic Implications of Community Structure and School Finance," American Economic Review,86(3) p p. 584- 609. Mark Blaug, 1985. "Where Are We Now in the Economics of Education?" Economics of Education Review, 4(1), pp. 17–28. Abstract. Clive R. Belfield, ed., 2006.Modern Classics In The Economics Of Education, Elgar. Description. Eric A. Hanushek, 1986. "The economics of schooling: Production and efficiency in public schools." Journal of Economic Literature 24, no. 3 (September): 1141-1177. Eric A. Hanushek, 1992. "The Trade-off between Child Quantity and Quality," Journal of Political Economy, 100(1), p p. 84-117. Stephen A. Hoenack, 1996. "The Economics of Education in Developing Countries: An Assessment of the State of the Art," Economics of Education Review, 15(4), pp. 327–338. Abstract. Caroline M. Hoxby, 1999. "The Productivity of Schools and Other Local Public Goods Producers," Journal of Public Economics, 74(1), pp. 1–30 Abstract. _, 2000. "Does Competition among Public Schools Benefit Students and Taxpayers?" American Economic Review, 90(5), p p. 1209- 1238. Geraint Johnes and Jill Johnes, ed., 2004. International Handbook on the Economics of Education, Elgar. George Psacharopoulos and Harry A. Patrinos, 2004. "Returns to Investment in Education: A Further Update," Education Economics, 12(2), pp. 111–134. Steven G. Rivkin, Eric A. Hanushek, and John F. Kain, 2005. "Teachers, Schools, and Academic Achievement," Econometrica, 73(2), pp. 417–458. Sherwin Rosen, 1987.