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Old 05-30-08, 08:36 AM   #25 (permalink)
UtahBill
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Re: Human Capital versus the Screening Hypothesis

Advanced education available to many increases the liklihood that the educators can find, in the screening process, a potential next generation Einstein (within science). Only a very few of our students will enter research, and in past generations, only a few were needed. With the pace of scientific advancements ramping up in the last few decades, perhpaps we need to find more geniuses.

Or, said another way, it is just like with children. You aren't likely to find a great musical talent unless you expose a lot of children to music lessons. The ones who outshine all the others are obviously the ones with talent.

Those who get the advanced education, even with good grades, are still only slightly more likely to make a great discovery than some ordinary engineer or tinkerer who while trying to make one thing accidentally discovers or invents another.

It may seem to be a waste of resources to super educate the many who show potential, but long run, I don't think so, as long as it is in the hard sciences. We should not super educate political science types. They will just find more ways to stick their hands in our pockets.
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