Why education is productive

Friday, February 3rd, 2006

Tyler Cowen explains why education is productive through “a parable of men and beasts”:

We know the paradox. Education improves earnings but most formal schooling appears to be a waste of time. Many economists claim that education is mostly a means of signaling quality.

I view education as a self-commitment to being a more productive kind of person. Education is about self-acculturation.

Men are born beasts. But education gives you a peer group, a self-image, and some skills as well. Getting an education is like becoming a Marine. Men need to be made into Marines. By choosing many years of education, you are telling yourself that you stand on one side of the social divide. The education itself drums that truth into you.

Steve Sailer’s comment:

Obtaining an MBA degree signifies that you have made a 20-month sacrifice to join the officer class of the corporate world.

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