What Bad Students Know that Good Economists Don’t

Thursday, February 13th, 2014

What bad students know that good economists don’t, Bryan Caplan says, is that the return to trying to get a degree is far lower than the return to successfully getting a degree:

For students in the bottom quartile of academic ability, paying a year’s tuition is almost as foolish as buying 10,000 lottery tickets.


College is a great investment for great students, a mediocre investment for mediocre students, and a bad investment for bad students.


  1. Toddy Cat says:

    Some things are true, even though Bryan Caplan does say them. Even a stopped clock is right twice a day…

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