Today is the start of another semester, and that means the ever popular Opening Lecture. I sorted out several semesters back that I'm not the only one bored to tears when the first thing a professor does in a class is pass around a syllabus and then read it. Instead of doing that, now I open by explaining to students why they're in my class; not why they're taking microeconomics, but why they are in college in the first place. It allows me to bring up a lot of topics we'll cover over the semester, and I think it's pretty eye-opening to those who are likely to pay attention to the course.
Now, I don't really go into the historical sources of the university system, although that certainly would be suggestive.
Matt Yglesias puts it this way:
[...]as Brad DeLong likes to point out the “get a bunch of people in a room to listen to some guy talk” model of education was an organizational response to the high price of books. In principle, it would seem to have been made obsolete by the printing press and the public library. Yet obviously that didn’t happen. Colleges and universities managed to make themselves indispensable sources of credentials and social prestige. And though they’ve of course incorporated information technology innovations into their work, they still engage in an incredible quantity of pre-Gutenberg educating.
So advancing our knowledge was once the primary purpose of schooling, but it hasn't been for a long, long time. This is why when I see questions like
Arnold Kling's ("Yes, our kids do graduate, but could they have learned just as much on their own on the Web?"), I can't help but feel he's missing the main point.
As a teacher, I want how I teach to be shaped by the goals the students have when they sign up. As an economist, I know that these goals really fall into three broad categories: consumption, productivity, and signaling.
'Consumption' means some students go to school because they like it. Maybe the enjoy the social environment, or maybe they think the subjects are interesting. Perhaps, as
one keen observer of the human condition has said, people go to college to become better conversationalists. In any case, all these reasons are just different ways of saying they derive satisfaction from the experience of school itself, and in economics, when people derive satisfaction from the thing itself, we call it consumption.
The problem with this is that formal schooling is usually only fun for those who are naturally good at formal schooling (i.e., people like me). For many others, it's a torturous, life-sucking experience that drains the creativity right out of them. Sure, college parties are fun, but why borrow money so your four years of partying can be interrupted by memorizing facts about price controls? Why don't we send everyone to Europe for two years, then send 'em to the workforce?
'Productivity' is what most traditional views of education focus on, and what all political posturing focuses on. Productivity means students go to school to make them better at whatever they are going to do when they stop going to school; sometimes schooling is viewed as a requirement to gain necessary skills, without which many people simply could never figure out how to do some jobs. Within this class is the idea that workers with higher productivity are more valuable to employers, and generally this will be reflected in higher wages / salaries and better benefits offered.
Productivity is what everyone worries about when it comes to education, but in reality it's probably the least important reason to go to school. Part of the reason is precisely Arnold Kling's point: intelligent individuals can learn most of the same things on their own. Formal education doesn't make kids smart, and it doesn't make them dedicated or hard-working. In some cases it can help by imposing a degree of discipline on students who aren't very good at self-discipline, but it's probably as likely to have the opposite effect. So what is formal education really good at?
'Signaling' is the primary purpose of education. It's all about credentials. The thing is, employers need to be able to distinguish people who are talented in the areas that matter to them most from those who are not very good in those areas. One of the best ways to do this (for technical reasons that I won't go into here) is to see who is willing and able to endure the most hardship in the name of the areas that matter to the employer. Hence, college majors. Of course, colleges need to be able to sort students into those most likely to succeed in a given area, too, so they look to those who dealt with the most (semi-relevant) pain in high school. High schools do the same, and so on.
In the end, most of what formal education is about is enduring hardship as proof that you have passion and talent for something. It sounds ridiculous, but it's actually quite important for employers to be able to make good decisions. Of course, this presents a problem the earlier you get in someone's life, because children usually don't know their talents yet, and if they are locked into a course early they never get the chance to explore and find what their real passions are. That doesn't mean formal education is bad. But it does mean we should use education for what it
can do, and avoid using it for what it
can't.