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The Education Myth

We all know that more education is a Good Thing, especially for our economic futures. This is why many countries, particularly in Europe, have numerical targets driving their education policies: 50% participation in post-secondary education in the UK or Sweden, for example, or 80% to baccalaureate level in France. Chancellor Schroeder’s big idea for solving Germany’s economic problems is, of course, education: including yet more undergraduates in a system struggling to cope with those it has. 

Governments see their main job as delivering economic prosperity, and they view education as a necessary and reliable tool for achieving that end. But is it?