Terry McDonough, Terrence wrote:
> ... What I'm wondering about is credentialling that no longer perhaps serves 
> any function, pernicious or otherwise.  ... The process we participate in is 
> very expensive.  Most students learn less than a comparable period in "the 
> real world" would teach them.  Is it simply inertia that keeps it going? Or 
> is it that all the people involved (students, faculty, administration) have 
> an interest in bamboozling the public about the value of these degrees? <

My guess is that (1) it's too difficult to get it together to solve a
macro-level issue (the familiar collective action problem); and (2)
most people don't want to admit that their credentials are worthless.
The latter likely involves a certain amount of a response to cognitive
dissonance: if confronted with idea that spending 16+ years and an
unknown number of megaeuros results in what's basically a worthless
piece of paper, most people say "I must have done _something_ to earn
it."
-- 
Jim Devine / "If heart-aches were commercials, we'd all be on TV." -- John Prine
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