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Educational Austerity and Progress Studies

Bryan Caplan · 12 Mar 2025

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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Lavishly funding education doesn’t cause countries to become rich; being rich causes countries to lavishly fund education.
  2. At the national level, it’s not clear that education increases living standards at all, much less that education makes countries’ living standards increase at a faster rate.
  3. Yet common sense insists the best way to discover useful ideas is to search for useful ideas — not to search for whatever fascinates you and pray it turns out to be useful.

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