
Secondary and post-secondary education plays a crucial role in the economic activity of any complex society. Kathleen Thelen provides a very fine description of the different talent regimes of Germany, Britain, Japan, and the United States in How Institutions Evolve: The Political Economy of Skills in Germany, Britain, the United States, and Japan. She highlights the very significant differences that exist across countries with respect to the internal and external structure of educational and training institutions and their relations to industry. Young people acquire the knowledge and skills they will need in order to play a productive role in the economy in these institutions -- which is to say that these institutions perform the function...