Eric Hanushek - Knowledge Capital

The speaker, a senior fellow at Stanford's Hoover Institution, discusses the economic value of education, emphasizing the importance of test scores in the labor market and economic growth. He highlights the significance of international exams like the PISA test, noting the US's underperformance. The speaker introduces the concept of 'knowledge capital' and stresses the need for the US to improve its educational outcomes to remain competitive globally.

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