Many may know that the season finale of The Apprentice was brodcast last night, with the conclusion being a victory for the “Book Smarts” team (college educated or higher) over the “Street Smarts” team (high school only).

Arnold Kling at EconLog points out that the contributions of the young and above-average are almost always undervalued. This experientially strikes me as true. His advice: “If you are exceptional and young, you should start your own business. That way, you will get more than an average reward.”

In a book smarts vs. street smarts comparison, Kling adds, “Learning comes from taking on challenges. Entrepreneurship is a constant, in-your-face challenge. Relative to that, college is a stroll in the park.”


  • http://www.halfsigma.com Half Sigma

    Booksmarts vs. Streetsmarts is actually a bogus comparison becuase Tana had more than three years of college education. Does an extra half a year of college make so much difference? Especially when you consider that each additional year has diminishing marginal returns?

    Tana does, however, lack CLASS.

  • http://blog.acton.org Jordan

    Too right, I forgot that Tana started but didn’t end up completing her undegrad degree.

    Although I think I got more out of my last two years of college than my first two, which were mostly composed of gen. ed. courses which I was not interested in. Of course, the tuition went way up once you became upper-division, so in terms of what I got for what I paid, it probably was comparatively less.