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November 18, 2004
Does education cause economic growth or is it the other way round?

Busy day today, Volunteer Reading Helping at Paradise Primary, and then out again this evening.

This was the most interesting thing I was quickly able to google to. It begins thus:

Research has failed to establish whether increasing education levels drive economic development or whether economic development affords improved education.

Quite so. Rich men's wives have diamond necklaces. So get rich by buying your wife a diamond necklace. Well, I can imagine circumstances in which this just might work.

But goodbye for today. More substantial fare tomorrow, I hope.

Posted by Brian Micklethwait at 06:17 PM
Category: Economics of education
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Comments

Help me out here. Is sporadic economic affluence the diamond necklace upon the neck of an educated workforce, or is all learning the diamond necklace upon the neck of industrial prosperity? You analogy is clever, but alas, I am dumb.

Comment by: Bucky on November 19, 2004 06:53 AM

Bucky

Yes, sorry for not explaining that a bit better. I was in a rush, and am also in a rush now.

Basically, the diamond necklace is higher education, in my metaphor. Buying it doesn't make a country rich. It is a mere symptom of the fact that it already is.

However, what if a country gets rich because of all the misguided effort people put into affording higher education? That you can get rich by first looking rich, and by, before that, merely wanting to be able to afford to look rich, does not seem to be totally foolish by any means.

Any clearer? Probably not.

Comment by: Brian Micklethwait on November 19, 2004 03:02 PM
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