A further round from Don

A further round from Don Arthur on Higher education – Is it a scam?. Don makes a lot of good points, though I disagree with him on an important one. University education does produce human capital, as I argue here. Of course this term needs to be understand in a broad sense, rather than a narrowly utilitarian one, and includes things like ‘cultural capital’, which Don mentions as including an ability to understand and make appropriate cultural allusions e.g. in Glebe to Julia Kristeva and Salman Rushdie.