Here's a great article on education by Arnold Kling
http://www.tcsdaily.com/article.aspx?id=120106A
Couldn't agree with Kling more, especially after experiencing almost a semester in front of the classroom. The only thing I would add under Entry Barriers is either the total abolition of or the drastic reduction of restrictions on child labor and the elimination of the minimum wage, at least for folks under 16. What better way for kids who hate school to learn specific skills and, more importantly, develop a work ethic and learn what it takes to succeed in the real world than by being in the real world, and making a little money while doing it.
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