Book Byte #187 "The Case Against Education" by Bryan Caplan
Jason Ziebarth
"Famous for His Extraordinary Ability to Help People Define and Follow Systems that help them Achieve both their Short-Term Goals and Long-Term Dreams" | Technology | Productivity | The Creator Economy
Why the Education System Is a Waste of Time and Money
?? Curious Quote from the Author
“The heralded social dividends of education are largely illusory: rising education’s main fruit is not broad-based prosperity, but credential inflation”
“The less education applicants have, the less applicants need to convince employers they’re worth hiring.”
“It is precisely because education is so affordable that the labor market expects us to possess so much. Without the subsidies, you would no longer need the education you can no longer afford.”
“Education can be glorious. At its best, to quote Roman philosopher Lucretius, it is a “voyage in mind throughout infinity.”
“Higher education is the only product where the consumer tries to get as little out of it as possible. —Arnold Kling, “College Customers vs. Suppliers”
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“Government heavily subsidizes education. In 2011, U.S. federal, state, and local governments spent almost a trillion dollars on it. The simplest way to get less education, then, is to cut the subsidies.”
“By analogy, both sculptors and appraisers have the power to raise the market value of a piece of stone. The sculptor raises the market value of a piece of stone by shaping it. The appraiser raises the market value of a piece of stone by judging it. Teachers need to ask ourselves, “How much of what we do is sculpting, and how much is appraising?”
?? Cognition of the Book’s Big Idea
The advantages of education are greatly exaggerated. Much of what we learn in school is completely pointless, and receiving a costly education just makes it easier for us to dominate pointless status games. The political will to address these issues is now lacking, despite the fact that there are a few straightforward measures we might implement.
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