What is Human capital Economics?

Russ on Progress and Signaling, by Bryan Caplan  January 20, 2018 – 08:04 am
Unit 4 Macro: Human Capital Russ Roberts replies to my recent post on progress and signaling:
Bryan wants to argue that conformity ossifies our behavior, but the world around us is full of non-conformity that eventually becomes no big deal. The first few people who bought a Palm Pilot looked goofy poking at a screen with a stylus. I remember. I was one of them. Now, it is totally culturally acceptable to poke at a screen with a stylus. How did that happen? PDAs are useful, so there were market forces to encourage tolerating the poking behavior.
As far as I can tell, though, Russ and I don't deeply disagree.  Minor weirdness (poking a screen with a stylus) provokes minor stigma (a few weird glances), ever so slightly retarding progress.  As weirdness increases, so does stigma, which further slows progress - or even halts it altogether. 
Do Russ and I disagree on a less fundamental level?   Unclear.  In my judgment, our society severely stigmatizes failure to attend a four-year college.  As a result, online education poses little threat to the status quo.  If Russ disagrees, I'm curious to hear why.
Russ also interestingly mentions home schooling:
Empirically, how does Bryan explain the home-schooling movement? In 2007 there were 1.5 million home-schooled

Source: EconLog

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