The key thing about the theory was that it was disproven when the industrial revolution took off. Incredible amounts of innovation and production in 2 centuries that did more for humanity's living standards than the…
You would be correct, that is indeed a large part of modern "education". See the signaling theory of education for more.
The economic pie is shrinking. Elites are spending more and more of their money sending their kids to the best prep schools and resume padding to ensure they don't slip through the growing cracks in the developed world…
The key thing about the theory was that it was disproven when the industrial revolution took off. Incredible amounts of innovation and production in 2 centuries that did more for humanity's living standards than the…
You would be correct, that is indeed a large part of modern "education". See the signaling theory of education for more.
The economic pie is shrinking. Elites are spending more and more of their money sending their kids to the best prep schools and resume padding to ensure they don't slip through the growing cracks in the developed world…