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More people learning stuff doesn't devalue the learning that other people do, it adds to it. The economics of ideas are not the same as the economics of physica
by ktizo 14y ago
More people learning stuff doesn't devalue the learning that other people do, it adds to it. The economics of ideas are not the same as the economics of physical commodities.
- mahmud 14y agoThere is more to education than learning. What would free education do to the labormarket if students no longer had to work part time to make ends meet? What would happen to housing market when students have disposable income not going to tuition? "No man is an island" is not just a trite old adage, but a very real economic principle.
- ktizo 14y agoHeh, I was throwing John Donne about these boards the other day funnily enough. I suspect that if free education plus a free living allowance were paid for by the state to impoverished students, then you would have the UK until the mid '90s. And given the levels of unemployment in the US at the moment, it could do a lot worse than paying those who are going to be out of work anyway, to go to school instead of sitting idle. Also, as the housing market crash was partly triggered by toxic credit, people having more actual money as opposed to relying on debt would have probably reduced this slightly. [edit] Also, I think it is fair to say that John probably wasn't thinking about keeping people poor to satisfy the demand for cheap labour in an oligarchic plutonomy when he penned those words. For I am involved in mankind. Therefore, send not to know for whom the bell tolls, it tolls for thee.