Endangering Prosperity: Education, Economic Growth, and the Failings of Modern American Schooling


Endangering Prosperity: Education, Economic Growth, and the Failings of Modern American Schooling

Guest Bio:
Eric Hanushek is the Paul and Jean Hanna Senior Fellow at the Hoover Institution of Stanford University. He has been a leader in the development of economic analysis of educational issues with his work frequently entering into the design of national and international educational policy. His research spans such diverse areas as the impact of teacher quality, high stakes accountability, equity and efficiency in school finance, and class size reduction along with the role of cognitive skills in international growth and development. His pioneering analysis measuring teacher quality through growth in student achievement forms the basis for current research into the value-added of teachers and schools. He has authored or edited twenty books along with over 200 articles. He is a Distinguished Graduate of the United States Air Force Academy and completed his Ph.D. in economics at the Massachusetts Institute of Technology.

491878-educationEpisode Summary:

What role does education play in determining the relative wealth of nations? An incredibly vital one, according to Professor Eric Hanushek of Stanford University.

Noting several recent empirical studies linking the cognitive skills of a country to its rate of economic growth, Professor Hanushek argues that much of the difference between a fast-growing economy like South Korea and a slow-growing one like Peru can be explained by differences in educational attainment. Prosperous countries require a highly skilled workforce to drive innovation and growth — and simply adding more years of schooling is not the solution.

Professor Hanushek and Jisung go on to discuss the crucial role that good teachers play in equipping a population with the necessary human capital and skills for success in the modern global economy, as well as some of the acute failures of the American schooling system.

[Claire Hamlett contributed to the production of this podcast.]


[slideshare id=26446628&doc=economicsandeducation-jpedits-130923014350-phpapp01]



endangering_prosperity_0Links to related material:

Endangering Prosperity


Eric Hanushek’s Pareto Lecture on Human Capital and Economic Growth

Students First: Why Effective Teaching Matters, by Eric Hanushek


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