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548: Dr. Bryan Caplan - Why the Education System Is a Waste of Time and Money

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Dr. Bryan Caplan is a Professor of Economics at George Mason University and the author of a provocative new book titled The case Against Education: Why the Education System Is a Waste of Time and Money.

His thesis:
"Civilized societies revolve around education now, but there is a better—indeed, more civilized—way. If everyone had a college degree, the result would be not great jobs for all, but runaway credential inflation. Trying to spread success with education spreads education but not success."

Discussion:
- Bryan's distinction between schooling and education, and why he chose that title
- the book as a response to the "college for all" mentality
- What are the most damning statistics or studies that encouraged this book?
- Credential Inflation: what is it and how it it costing people?
- The complexity of the "education premium" - a frequent counterargument to the futility of a college degree - is higher earnings for college degrees correlative or causative? It's disguised reward for traits many people would have had without school
- Signaling: college degree signal conformity.
- A better credential than a college degree
- How to thrive in a system that probably isn't going to change
- can online education ever be competitive with traditional higher education?


Related Shows:

[PODCAST] #384: Professor William Boyes – The Demise of Government School and the Future of Academia
[PODCAST] #385: Putting College Race Tensions In Context
[PODCAST] #375: College Debt – The Most Expensive Lesson of All Time?

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