It is time we had an interdisciplinary world. It is time we created a society where all levels of thinking and society can work together – so the individual psychologies can live together in a more
integrated society. Interdisciplinary thinking tries to promote environmentalism, capitalism, religion, heroic
individualism, and families simultaneously. Beauty, truth, and ethics are united.
Monday, February 07, 2011
Egypt: Oversold Higher Education Boomerangs
George Leef blogs my Clarion Call article at Phi Beta Cons and NAS. _____________________
I often read or hear stories like that and I first think they must be teaching the wrong thing. If the answer to the question: "Would you rather have the degree or the knowledge and skill? " Is the degree then something is wrong.
There is much more to it than that but that is a start.
But suppose you have the knowledge and skill, and you still can't find a job. That's starting to happen in the U.S. with those with law degrees. There are many people with knowledge and skills who can't get a decent job, and plenty with degrees who do have jobs. So you are right that it is complex.
Troy, I have found your article fascinating. Congratulations.
I too think that sustained and sound investment in human capital (education) comes after economic growth, not the other way around. However, investment in human capital may create some conditions for future better economic growth, although this comes at the expense of misallocation of resources and malinvestments. Some point out the case of Soviet education. Of course I don't think that was a success at all. I don't know to what extent the technical education they received were useful afterwards.
In order to clarify the relationship between education and growth in academia, shouldn't be enough pointing out historical evidence of countries now developed?
3 comments:
I often read or hear stories like that and I first think they must be teaching the wrong thing. If the answer to the question: "Would you rather have the degree or the knowledge and skill? " Is the degree then something is wrong.
There is much more to it than that but that is a start.
But suppose you have the knowledge and skill, and you still can't find a job. That's starting to happen in the U.S. with those with law degrees. There are many people with knowledge and skills who can't get a decent job, and plenty with degrees who do have jobs. So you are right that it is complex.
Troy,
I have found your article fascinating. Congratulations.
I too think that sustained and sound investment in human capital (education) comes after economic growth, not the other way around. However, investment in human capital may create some conditions for future better economic growth, although this comes at the expense of misallocation of resources and malinvestments. Some point out the case of Soviet education. Of course I don't think that was a success at all. I don't know to what extent the technical education they received were useful afterwards.
In order to clarify the relationship between education and growth in academia, shouldn't be enough pointing out historical evidence of countries now developed?
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