His conclusions below are not at all mine:
"...I would like to draw one theoretical conclusion from this comparison. The US economy has performed strongly, almost all the time for over 100 years. It performed well when we had a small elite school system; it performed well when we expanded to mass education; it continues to perform well even when we dilute the standards and undergo both credential inflation and grade inflation. My conclusion is: it does not matter how the school system performs. Not everyone educated in American has to be a scientist or engineer; if only 10 percent of them are good at this, nevertheless we have such a large system that it fulfills our technical needs. And other features of the US society foster entrepreneurs of the Steve Jobs/ Thomas Edison type; so the economic dynamism is there...." RC
But, of course, the Chinese love his conclusion...................
This post is dedicated to Paul Krugman, who wouldn't be caught dead as a sociologist.
This post is dedicated to Paul Krugman, who wouldn't be caught dead as a sociologist.
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