Let’s think of a school as an economy. Just as entrepreneurs and consumers must navigate an economy strangled by regulations and central economic policy, so too must teachers and pupils navigate their educational world strangled by regulations and central education policy. As Thomas DiLorenzo points out in How Capitalism Saved America:
“Human being[s] (are) unique in a thousand different ways–in motivation, intelligence, interests, physical attributes and abilities, preferences, goals, skill levels, age, formal and informal education, worldly experiences, family history and culture, psychology, and much more.”
This means the billions of people making up society are all unique individuals, acting out of self-interest. Economics, as a subset of praxeology, is the study of how humans act, and how the interaction of all these individual actions comprise an economy. Promoters of central economic planning purport that not only is it possible to plan for all these interactions, the government is best at doing so.