Sunday, December 20, 2009

The Falcon Cannot Hear the Falconer

Noam Scheiber:

The business schools had their own incentives to channel students into high-paying fields like finance, thanks to the rising importance of school rankings, which heavily weighted starting salaries.

This, eventually, created a glut of overcompensated financiers who have led the drive to apply equally bogus and thoughtless rankings upon primary and secondary schools, which themselves trigger further sequences of unintended consequences nobody can predict control, or even discern.

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