Uploaded August 2026 | Updated September 2026, 2 weeks ago
Can't switch schools like switching soft drink brands?
Economist Albert Hirschman had a name for this problem: exit versus voice. When there's no exit, voice is all that's left, calling the teacher, calling the principal, showing up to the PTA.
Lou and Phil ask whether voice alone is enough to fix a school system with no real competition.
Full episode of Happy Hour Econ has the rest. youtube.com/watch?v=DUW04StJnBo
Can't switch schools like switching soft drink brands?
Economist Albert Hirschman had a name for this problem: exit versus voice. When there's no exit, voice is all that's left, calling the teacher, calling the principal, showing up to the PTA.
Lou and Phil ask whether voice alone is enough to fix a school system with no real competition.
Full episode of Happy Hour Econ has the rest. youtube.com/watch?v=DUW04StJnBo










