Eric Crampton wrote:
>
> On Fri, 25 Oct 2002, William Dickens wrote:
>
> > continue schooling largely under weights the future benefits. Nearly
> > everyone should get more schooling than they do. This is only one of
I see Bill already answered my question. Blunt reaction: Come on! If
you really think most students are failing to considering foregone
earnings, and these are the big cost of school, then the problem goes in
the other direction.
I should also add that the social costs of tuition are much higher than
the private costs for public universities, making it even more likely
that the social return is quite low.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides it was not
necessary that anyone but himself should understand it."
Leo Tolstoy, *The Cossacks*
