Education is a public good from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
Education is a public good. When you think about it, it makes perfect sense. Education benefits not only the individual receiving it but also society as a whole. Imagine a world where only a few people have access to education. This would lead to a society with a stark divide between the educated elite and the uneducated masses. Such a society would be unstable, with the potential for social unrest and conflict. On the other hand, when education is widely available to all members of society, it can lead to increased productivity, innovation, and overall well-being. Education equips individuals with the knowledge and skills they need to contribute to society in a m...
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