What is College Good For?

Glenn Reynolds:

Which raises a question: If this is what college graduates do, why exactly are we in a hurry to send so many people to college?

Over the years, we’ve seen a lot of justifications for sending people to college — by which I actually mean, for subsidizing people’s attendance at college, and for maintaining a taxpayer-funded higher education apparatus. Probably the most important are:

  • Creating wealth. College graduates earn more, so creating more college graduates will create more high-earners. A related argument suggests that rich societies have more higher education, so more higher education will make a society richer.
  • Promoting public values. Higher education is supposed to be a place where our society’s highest values are nurtured and taught, ensuring that they are propagated to future generations.
  • Encouraging critical thinking: Teaching people to think for themselves, not to accept what they’re told or to go along with the crowd.
  • Maintain intellectual capital — like knowledge of history, ancient languages, philosophy, etc. — that is valuable for society as a whole, but not readily supported outside of an academic environment.

Okay, so how are we doing in serving those purposes? Not so great. I’ve written about this before, but here’s a sum-up.


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