The School Economy: Further Exploration of Concepts, Opportunities, Challenges, and Questions

Donovan Mcfarlane
2011 Journal of Business Studies Quarterly   unpublished
This paper, as a continuation of the author's presentation and development of ideas about the School Economy which was explored in a previous publication, examines the components of the School Economy, and the opportunities and problems and challenges of the School Economy as they affect the processes of schooling and education, and the institution of teaching and learning; the school in the 21 st century. Philosophical questions concerning the nature, purpose, practices, functions, and
more » ... ctions, and changing character of schools, education, and schooling are examined and the author looks at several issues that are common to education at all levels, paying specific attention to higher education and the role of the university throughout history and in modern times, as a comparative basis for illustrating the changing perspective we have of education and the impact this has created on individuals and society in the form and development of the School Economy. The works and writings of Bill Readings (The University in Ruins) and John Henry Newman (The Idea of the University) on the University and modern education are examined, referenced, and interpreted, and their arguments substantiated with current examples, as the author brings across new concepts and perspectives regarding school, schooling, and education. The leadership implications of the School Economy are examined given identified opportunities and problems and challenges, and the viability of developing a leadership solution to preserve the roles and functions; purpose of schools, schooling, and education, and specifically, the university, is explored and presented as a strategic visionary leadership process.