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Yeah. Just recognize it as "consumption" rather than "investment" in economic terms. People usually conflate the two with regard to home-ownership as well.
by theseatoms 9y ago
Yeah. Just recognize it as "consumption" rather than "investment" in economic terms. People usually conflate the two with regard to home-ownership as well.
- Symmetry 9y agoEven if education were entirely a matter of signalling (which obviously isn't true) then it would still be a perfectly good personal investment in that it would get you a better job than you would have otherwise. It would just be social subsidies of it that would be consumption rather than investment.
- triplesec 9y agoI must strongly dissent. The investment in education-not-training often benefits society in other ways, which turn out to be indirectly economically beneficial, and directly and indirectly socially constructive; these lead in most cases on average to a greater happiness and complexity and learning in such a society, in a positive feedback loop. So no, I think the dismal bottom-line assumptions of your economics are sorely lacking.