When speaking about unemployment, arguably the sorest problem in many market economies, “better education” is one of the standard remedies proposed by economists. This recommendation is given to rich and poor countries alike. Yet since I am in Georgia, I am increasingly skeptical about this recipe. To what extent can the education and training of people, or, to use the economic term, the accumulation of human capital, foster economic development?
In Georgia, you may have studied law and you really know your trade, but there is an oversupply of lawyers, a...
Recent Comments
I agree that young people’s (and their parents’) educational choices may be informed by extraneous considerations. However, I also... Read More
Friday, 11 July 2014 1:01 AM
I think I tend to agree with (some of) the libertarian arguments. Of course, the oversupply of formally trained lawyers, internati... Read More
Friday, 10 May 2013 11:11 AM
Improvements demands creativity (which were not included in Soviet education system) and hardworking (reasons of which is ambiguou... Read More
Monday, 10 February 2014 11:11 PM