Monday, June 13, 2011

The Higher-Ed Dilemma - By Matthew Shaffer

To use one economic jargon just once more: If this view is correct, our higher-education system is a big prisoner’s dilemma. Every individual person — the high-school senior and the human-resources manager — has a rational incentive to pursue a BA, but the system as a whole is massively wasteful. There should be a way to prove high intelligence and cultivate diligence and refine social graces that doesn’t cost tens (or hundreds) of thousands of dollars and four to six years, and saddle would-be entrepreneurs with debt (and, dare I add, afflict young people with the grievances and resentments of the academic Left).

This is a roundabout way of saying that higher education as it exists today can simultaneously be a good bet for each student and a bad and outdated model for society as a whole.

Posted via email from The Blue Pelican

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