Publisher's summary

Why we need to stop wasting public funds on education

Despite being immensely popular - and immensely lucrative - education is grossly overrated. In this explosive book, Bryan Caplan argues that the primary function of education is not to enhance students' skill but to certify their intelligence, work ethic, and conformity - in other words, to signal the qualities of a good employee.

Learn why students hunt for easy A's and casually forget most of what they learn after the final exam, why decades of growing access to education have not resulted in better jobs for the average worker but instead in runaway credential inflation, how employers reward workers for costly schooling they rarely if ever use, and why cutting education spending is the best remedy.

Caplan draws on the latest social science to show how the labor market values grades over knowledge and why the more education your rivals have, the more you need to impress employers. He explains why graduation is our society's top conformity signal and why even the most useless degrees can certify employability. He advocates two major policy responses. The first is educational austerity. Government needs to sharply cut education funding to curb this wasteful rat race. The second is more vocational education, because practical skills are more socially valuable than teaching students how to outshine their peers.

Romantic notions about education being "good for the soul" must yield to careful research and common sense - The Case Against Education points the way.

Cover design by Leslie Flis.

©2018 Princeton University Press (P)2018 Audible, Inc.

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Excellent. Worth a listen - especially today.

I found this to be a compelling case against the current system of government education in the United States.The author certainly presented his argument well and supported his points. He did tire me a bit about signalling - but it's a major problem and central to much of the argument being made.

Educators and those interested in discussions of the problems in the system will likely find food for thought here.

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Sadly, this book tells us what we already knew or at least suspected.

True insight into the education I received starting in 1949. I was a very good student squandered on things I have never used subsequently. I have family that have used home schooling with great success. Now they are starting internet college classes and are doing very well.

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very informative

this was a very informative book to gives you a different perspective on education I enjoyed it gives me a lot to think about especially since I have two teenage kids

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Against the grain!

Bryan warns any thinking person against the perils of accepted educational hegemony: go to college, pass, get a good job. What about: go to a little school, get a job, pay your way!

Thanks Bryan. Thought provoking!

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Education is grossly overrated , great book

Great book and great perfomence, confirms what I long suspected. Couldn't be more true anywhere as it is here in South Africa. Despite the billions spent on 'free' education and 'demands' from social justice warriors for free tertiary education the country is sitting with a multitude of unemployed/ unemployable graduates. Instead of learning skills the focus was on Signaling, focusing on qualifications for employers instead of learning skills to pull oneself out of poverty.

Economy tanks as should every socialist economy, no money for government to create jobs by bloating it's structures so now people don't have employment. Worse is that since the focused on Signaling instead of learning trades and skills, even with a 3/ 4 year degree they can't even solve their problems and provide at least for themselves! A substantial proportion of these worthless degrees were funded by government loans which will never be paid back! On top of that since the graduates can't get employment or employ themselves social justice warriors advocate for social support grants, another burden to the economy!

Amongst those who bear it are the few practical people who opted to go an work or settle for less prestigious careers as plumbers, mechanics etc. These are the people that lost a substantial portion of their income to fund these worthless degrees. Fortunately I could see the signs as a teen, this book merely confirmed the obvious which makes it that much more valuable, as the author says "You don’t have to be a professor to see it, but only a professor can credibly say it."

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Declares the obvious bitter truth

Although Caplan concentrates only on the job market preparation of the education, case is well made. We should stop this folly of throwing billions at something so useless and let people learn what they need to know and be more productive and less boring.

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Antidote for the Education is Always Good Dogma

We reflexively conclude that education is good.

Our conclusion is false.

Primary education is indeed good.

Secondary education (high school) is a mixed bag that needs to be better tailored to students' interests, abilities, and the job market. We have too much college-prep and too little vocational training.

College education? It does little to educate. It does a lot to identify who is smart, contentious, hard-working, conforming, and gratification-deferring. That's about 80% of its value. It is "signaling." It is not adding value; it is identifying value.

Masters degrees? Almost all signaling.

Caplan presents a ton of evidence to prove these points. My experience with the higher education system (Ivy League undergrad and two Ivy League masters degrees) says he's correct.

Consider all of those classes you took that bored you and that have no relevance to anything you've done since. That's the heart of the problem Education is expensive. If you were going to be bored, shouldn't it at least be useful?

The cost is horrific. Students are spending years studying things that will not help them, that they will not remember, that they do not like. They, their parents, and tax payers are funding this waste. Yet, the personal incentives are to engage in this waste because the signaling effect is so powerful that it rewards the personal costs.

There are no solutions that will be persuasive to the public, as the public is convinced that education is good. Directionally, the best thing for society to do is to spend less on education, principally spending less on higher education, and most particularly avoiding spending on students who are less than highly likely to graduate. That's a difficult position to argue in an era that is obsessed with "equity" and "inclusion" as it means that to benefit society we must greatly decrease access to higher education. The empirical argument is compelling; the emotional argument is repulsive. (For the problems there, read "Against Empathy.")

At the personal level, the analysis suggests that students should put more weight on what majors have strong market demand, on how to spend less on tuition, and on assessing whether they are likely to graduate. The biggest risk is failing to graduate as almost all of the value of education is the signal that one completed the degree.

Everyone one who plans to go to college or have their children go to college should read this book.

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Provocative ideas and book

Good well researched book which makes important points and challenges the orthodoxy about education.

The middle felt a bit long and repetitive. A bit like the author was trying to hit a page count goal.

But def worth reading. Hopefully we all wake up and mobilize and change education eventually

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Loved this. Changed my mind.

Excellent. Definitely an original argument that is heavily backed by data. I didn’t give the story 5 stars because I thought the dialogue section at the end was too much of a rehash of the earlier chapters.

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Economic view of education

Professor of economics gives a wonderful lecture on the signaling model of education. Definitely worth a listen.

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