Do Higher Education “Investments” Boost the Economy?
In this week’s Pope Center Clarion Call, Jay Schalin takes a look at the conventional wisdom that a sure-fire way for states or countries to boost their economies is by putting more resources into higher education. He concludes that the conventional wisdom is mostly wrong. Education, like everything else, is subject to diminishing returns and we’re probably well past the point where additional benefits are less than additional costs.
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