Why we need to stop wasting public funds on educationDespite being immensely popular--and immensely lucrative--education is grossly overrated. In this explosive book, Bryan Caplan argues that the primary function of education is not to enhance students' skill but to certify their intelligence, work ethic, and conformity--in other words, to signal the qualities of a good employee. Learn why students hunt for easy As and casually forget most of what they learn after the final exam, why decades of growing access to education have not resulted in better jobs for the average worker but instead in runaway credential inflation, how employers reward workers for costly schooling they rarely if ever use, and why cutting education spending is the best remedy.Caplan draws on the latest social science to show how the labor market values grades over knowledge, and why the more education your rivals have, the more you need to impress employers. He explains why graduation is our society's top conformity signal, and why even the most useless degrees can certify employability. He advocates two major policy responses. The first is educational austerity. Government needs to sharply cut education funding to curb this wasteful rat race. The second is more vocational education, because practical skills are more socially valuable than teaching students how to outshine their peers.Romantic notions about education being "good for the soul" must yield to careful research and common sense--The Case against Educationpoints the way.
About the Author
Bryan Caplan is a professor of economics at George Mason University in Fairfax, Virginia. He received his B.S. in economics from University of California, Berkeley and his Ph.D. from Princeton University. His professional work has been devoted to the philosophies of libertarianism and free-market capitalism and anarchism. (He is the author of the Anarchist Theory FAQ.) He has published in American Economic Review, Public Choice, and the Journal of Law and Economics, among others. He is a blogger at the EconLog blog along with Arnold Kling, and occasionally has been a guest blogger at Marginal Revolution with two of his colleagues at George Mason, Tyler Cowen and Alex Tabarrok. He is an adjunct scholar of the Cato Institute in Washington, D.C.Currently, his primary research interest is public economics. He has criticized the assumptions of rational voters that form the basis of public choice theory, but generally agrees with their conclusions based on his own model of "rational irrationality." Caplan has long disputed the efficacy of popular voter models, in a series of exchanges with Donald Wittman published by the Econ Journal Watch. Caplan outlined several major objections to popular political science and the economics sub-discipline public choice. Caplan later expanded upon this theme in his book The Myth of the Rational Voter (Princeton University Press 2007), in which he responded to the arguments put forward by Wittman in his The Myth of Democratic Failure.He maintains a website that includes a "Museum of Communism" section, that "provides historical, economic, and philosophical analysis of the political movement known as Communism", to draw attention to human rights violations of which, despite often exceeding those of Nazi Germany, there is little public knowledge. Caplan has also written an online graphic novel called Amore Infernale.
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