New Books In Education

Pretty much everyone knows that the American healthcare system is, well, very inefficient. We don’t, so critics say, get as much healthcare bang for our buck as we should. According to Bryan Caplan, however, the American educational system–higher education in particular–is much, much worse. In The Case against Education: Why the Education System Is a Waste of Time and Money (Princeton University Press, 2018), Caplan argues that we are quite literally paying a fortune and getting almost nothing of any collective value. Pretty much all the news in this book is bad. Students spend a ton on secondary ed, but they don’t learn many marketable skills. In fact, the don’t learn much at all: they forget almost everything they learn in college quite quickly. Taxpayers heavily subsidize this “learning” experience, but the social payoff is dramatically less than the investment. College is a good deal for good students, but it’s a very bad deal for the many poor students who don’t finish and have thus wasted their savings