Author: Noam Stein

Bryan Caplan’s ‘The Case Against Education’ — A Review

A review of The Case Against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan. Princeton University Press (January 2018) 416 pages.  Almost no issue unifies commentators across the political spectrum as support for education, though their motivations strongly differ. For the left, affordable education is a great leveler for disadvantaged groups and also a force for cosmopolitanism. For the right, it represents an equality of opportunity that can substitute for a generous welfare state. But almost everyone seems to believe that more people with high-quality education means better and more productive workers.  Among the exceptions are a minority of economists studying education. Beginning with Nobel Prize winners Kenneth Arrow and Michael Spence in the 1970s, these economists proposed that people with more years of education earn more not merely because of the skills and knowledge they accumulated during their time in school (“human capital”) but largely as a function of the information their degree signals to employers. The Case Against Education  by George Mason University economist Bryan Caplan is the most thorough …