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I thought we were arguing over two things: How much value is created through publicly funded education beyond basic literacy and numeracy, which Caplan cedes.
by Hermitian909 7y ago
I thought we were arguing over two things:
How much value is created through publicly funded education beyond basic literacy and numeracy, which Caplan cedes.
Whether Caplan's proposed changes to the education system are good ones.
- soberhoff 7y agoRegarding the first point, Caplan personally estimates that about 80% of education is signalling and that 30% is the lowest figure one can plausibly maintain. As for the second point, I wouldn't bet my life on it. But I think the case is strong enough that experimental measures in that direction are warranted.