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Econlib QuickPicks- The Value of Education


Welcome to Econlib QuickPicks!

Each month, we send a collection of resources about a particular topic right to your inbox. This month, we want to explore the question, "What is the value of education?"  What exactly is education? Is it what happens in school? Who's responsible for making sure citizens are educated? How can you place a value on your education? Is education a fundamentally independent or communual pursuit? Is education a public good

We hope this collection helps you explore this month's topic. We'd also like to hear from you... What did we leave out? What have we failed to consider? And perhaps most interestingly, what did you do with this collection? Please let us know at econlib@libertyfund.org. We love to hear from you.,


(By the way, we'd love to know what QuickPicks topics you'd like to see. Drop us a line with your suggestions today.)
 

Concise Encyclopedia: Education
What do student test scores tell us about a nation's level of education? Its level of productivity? Should we spend more on education? If so, what do we get???
Bryan Caplan on The Case Against Education
In this podcast, Caplan argues that very little learning takes place in formal education and that very little of the return to college comes from skills or knowledge that is acquired in the classroom. Schooling, he concludes, as it is currently conducted is mostly a waste of time and money. 
Article: Educational Freedom
How closely tied are education and schooling? What would it be like to "deschool" society? Must education be tied to a particular time and/or place? What might an anytime-anywhere education look like?
Concise Encyclopedia: Human Capital
One of the promises of education is increases to the individual's human capital. How does this work? Read more from Nobel laureate Gary Becker, who pioneered the concept.
Can Capitalism Survive? by Benjamin Rogge
"... I confess to you that colleges promise prospective students (and their parents) many things, some of them obviously absurd, some of them partly attainable, some of them almost wholly attainable."
Article: Education Vouchers
Many who agree that there are positive spillover effects of K12 education argue that while the government should finance education, it need not administer education. But Pedro Schwartz thinks the idea of school vouchers is at most a "second-best" solution. To what extent can we imagine an educational system completely free of state involvement?
Podcast: Building a Better Teacher
How much difference can a really great teacher make? What makes a really great teacher? In this interview, Elizabeth Green shares her research on the art of teaching and the history of efforts at reform.
Podcast: Tooley on Private Schools for the Poor 
James Tooley shares his research low-cost for-profit private schools in the slums and rural areas of poor countries. Tooley shows how surprisingly widespread private schools are for the poor and how effective they are relative to public schools where teacher attendance and performance can be very disappointing. 
For Discussion: The Internet and Education
What's the future of education, and what role will the Internet play in that future? Will MOOCs replace traditional college courses? What potential does online learning have to be truly disruptive?
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