Education works as a placebo effect

Kai Ryssdal & Tyler Cowen:

KAI RYSSDAL: College students, and their parents, who have yet to write this fall’s tuition checks may want to bear the following statistic in mind. According to the Department of Education, more students are going deeper into debt to pay for school. Last year, total federal student loan payments increased 25 percent. Are students getting what they borrowed for? Commentator Tyler Cowen says yeah they are, sort of.
TYLER COWEN: There’s lots of evidence that placebos work in medicine; people get well simply because they think they’re supposed to.
But we’re learning that placebos apply to a lot of other areas and that includes higher education. Schooling works in large part because it makes people feel they’ve been transformed. Think about it: college graduates earn a lot more than non-graduates, but studying Walt Whitman rarely gets people a job. In reality, the students are jumping through lots of hoops and acquiring a new self-identity.
The educators and the administrators stage a kind of “theater” to convince students that they now belong to an elite group of higher earners. If students believe this story, many of them will then live it.

One thought on “Education works as a placebo effect”

  1. Becoming an educated person is not about getting a job.
    In Thomas Jefferson’s “Report of the Commissioners for the University of Virginia August 4, 1818”, he expresses the contrasts the goals of primary education to the goals of the proposed University of Virginia, which reads
    “The objects of this primary education determine its character and limits. These objects would be,
    To give to every citizen the information he needs for the transaction of his own business;
    To enable him to calculate for himself, and to express and preserve his ideas, his contracts and accounts, in writing;
    To improve, by reading, his morals and faculties;
    To understand his duties to his neighbors and country, and to discharge with competence the functions confided to him by either;
    To know his rights; to exercise with order and justice those he retains; to choose with discretion the fiduciary of those he delegates; and to notice their conduct with diligence, with candor, and judgment;
    And, in general, to observe with intelligence and faithfulness all the social relations under which he shall be placed.
    To instruct the mass of our citizens in these, their rights, interests and duties, as men and citizens, being then the objects of education in the primary schools, whether private or public, in them should be taught reading, writing and numerical arithmetic, the elements of mensuration, (useful in so many callings,) and the outlines of geography and history. And this brings us to the point at which are to commence the higher branches of education, of which the Legislature require the development; those, for example, which are,
    To form the statesmen, legislators and judges, on whom public prosperity and individual happiness are so much to depend;
    To expound the principles and structure of government, the
    laws which regulate the intercourse of nations, those formed municipally for our own government, and a sound spirit of legislation, which, banishing all arbitrary and unnecessary restraint on individual action, shall leave us free to do whatever does not violate the equal rights of another;
    To harmonize and promote the interests of agriculture, manufactures and commerce, and by well informed views of political economy to give a free scope to the public industry;
    To develop the reasoning faculties of our youth, enlarge their minds, cultivate their morals, and instill into them the precepts of virtue and order;
    To enlighten them with mathematical and physical sciences, which advance the arts, and administer to the health, the subsistence, and comforts of human life;
    And, generally, to form them to habits of reflection and correct action, rendering them examples of virtue to others, and of happiness within themselves.
    These are the objects of that higher grade of education, the benefits and blessings of which the Legislature now propose to provide for the good and ornament of their country, the gratification and happiness of their fellow-citizens, of the parent especially, and his progeny, on which all his affections are concentrated.”
    ————–
    Scanning these words, I do not see “getting a job” among them, nor is earning more money over your lifetime. But, the goals certainly are not “theater” or “placebo”.
    If one’s goals for a college education are not at least consistent with those Jefferson outlined then a university education will be misplaced effort and expense.

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