Author Topic: Meet A Professor Who Argues Against Educational Subsidies  (Read 354 times)

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Online patentlymn

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Meet A Professor Who Argues Against Educational Subsidies
« on: January 30, 2018, 02:40:37 PM »


https://www.forbes.com/sites/georgeleef/2018/01/29/a-professor-who-argues-against-educational-subsidies/#22ab18333064
Meet A Professor Who Argues Against Educational Subsidies
 George Leef , CONTRIBUTOR
 
In a book that was long in the works, George Mason University economics professor Bryan Caplan explains, as his subtitle reads, “why the education system is a waste of time and money.” He is emphatically not against people learning skills and knowledge, but argues that our current system of education does a poor job of that, and at inordinate cost. He would like to see government subsidies for education stopped.
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Among economists who study the effects of education, there is a great divide between those who believe that education augments your skills and thereby enables you to do a better job (the “human capital” crowd) and those who think that education mostly reveals your pre-existing abilities and thereby enables you to get a better job (the signaling crowd). Caplan is firmly in the latter camp. He argues that the education premium people enjoy for having crossed various educational thresholds is about 80 percent due to signaling and only 20 percent due to human capital improvement.
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Re: Meet A Professor Who Argues Against Educational Subsidies
« Reply #1 on: January 31, 2018, 06:57:28 AM »
Progs would argue it does a great job indoctrinating youths into the proglodyte hive and could do even better if more extorted funds were dumped into it.
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