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The main function of education is signalling rather than building skill, so subsidising it mostly inflates credentials.

Drawn from what Bryan Caplan said

Subjectsinflationgovernmenteducation
What these subjects mean

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

education How children are taught and tested: schools, tutoring, what a lesson at the right level does, and what AI changes.

Interesting
A private bookmark. Not a position, and never counted.

What Bryan Caplan actually said

Word for word, with the source under each one. They did not write this page.

  1. Bryan Caplan

    Professor of economics at George Mason University and…

    Since signaling, not building human capital, is the main function of education, the main effect of government subsidies is credential inflation.

    Where this was said

    ↗Selfishly Speaking, Who Should Skip College?betonit.ai

    All 5 korrents from this piecethis one is 1st

Added to korrents 19 Feb 2025 · How quotes work · Something wrong? Tell us

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