Rethinking Education and Economic Growth

This chapter explores the fundamental role of ideas in economic growth, arguing that education is often viewed as essential for fostering innovation but may mainly serve as a certification tool. It challenges the notion that a higher level of education directly correlates with increased economic productivity, instead highlighting the importance of small-scale entrepreneurial efforts. The discussion also addresses the implications of educational investment on both individual and national levels, revealing the complexities underlying the relationship between education, innovation, and wealth accumulation.