Hello everyone and welcome to this e-scipe online conversation about education, knowledge and human capital.

My name is Freda Keriksen and I'm very pleased to welcome today two guests for this conversation,

Jason Brennan,

and Mealy Skitsing, two very interesting scholars who many of you will already have come across

through the books and papers. Jason is Professor of Strategy, Economics, Ethics, and Public Policy

at the MacDonald School of Business at Georgetown University, and he's the author of bestselling and thought-provocative books like Cracks in the Ivory Tower and Against Democracy.

Mili Skitsing is Professor and Rector at the Estonian Business School,

and his latest book is The Political Economy of Digital Ecosystems.

Jason and Meles, welcome and thanks for joining me.

Thank you.

Thanks very much.

It's a pleasure to be here.

Let's get started and talking a little bit about human capital and education

and basically the state of play in the world of higher education today.

So we're going to cover several aspects of our card system for higher education in American Europe. And we're going to get into

issues around business school education that you both have been writing about recently. You are

collaborating together with others for a book, which is going to come out later this year.

So we should all watch out for the publication of that book. But I wanted us to start with

the role of education in today's economy and the role of education more generally. I think a common

proposition among a lot of people is that the economy gets more dependent on knowledge and human

capital, and therefore it is motivated that a large share of our spending goes to higher education.

Going to university and perhaps graduate school will equip you with the knowledge that is required

...