Why NOT new schools?

Education is an important determinant of income — one of the most important — but it is less important than most people think. If everyone had the same education, the inequality of income would be reduced by less than 10%. When you focus on education you neglect the myriad other factors that determine income. The differences of income among people who have the same education are huge.

Income is an important determinant of people’s satisfaction with their lives, but it is far less important than most people think. If everyone had the same income, the differences among people in life satisfaction would be reduced by less than 5%.

Daniel Kahneman – Recipient, Nobel Prize in Economics; Professor of Psychology Emeritus, Princeton https://www.edge.org/response-detail/11984

So I don’t spend much energy on the consequentialist arguments for alternative education. There is higher ground!

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