EdSurge News:
Why college is not an employment agency
6 February 2018
While Caplan dismisses the possibility that universities offer society any real economic benefit, data shows otherwise. After studying new data from UNESCO’S World Higher Education Database, covering 15,000 colleges and universities across 78 countries between 1950 and 2010, Anna Valero, a London School of Economics scholar, found that “the expansion of higher education from 1950 onwards was not just the product of growing wealth, it has also helped fuel economic growth around the world.”
Related article
The Conversation, September 15 2016
How universities boost economic growth
https://theconversation.com/how-universities-boost-economic-growth-65017