HispanicPundit + history + economic-stagnation   2

Education: Diminishing returns to school | The Economist
But I've been persuaded by Tyler Cowen's "Great Stagnation" argument that a big new investment in education, or a big improvement in education policy, is unlikely to have a correspondingly large impact on growth, for the simple reason that most of the low-hanging educational fruit has already been picked. Yes, earlier initiatives in America's history were refreshingly progressive, timely, and economically beneficial. At the same time, education used to be a lot easier. It's much simpler to teach the median kid to read, write, and do algebra than it is to teach the median kid graduate engineering. And it's much easier to teach the median kid to read, write, and do algebra than it is to teach the underperforming student from a household in the lowest income decile the same thing.
education  history  yglesias  economist  sidebar  economic-stagnation 
april 2011 by HispanicPundit

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