That book's on my reading list because blackbootz recommended it. Having not yet read it, my understanding of the book is that it's not dissimilar from this post: Which argues that college isn't about what we say it's about but what it's actually about is still so vital to society that we don't have much choice but to keep it about. It would not surprise me to find out that Bryan Caplan thinks we ought to do away with public schools because the proles don't need to know much more than how to dig ditches and polish shoes therefore preserve The Ivies for people who will go on to teach Economics at George Mason to other Alphas. I'm actually fine with that so long as we somehow re-jigger society such that you don't need to burn a c-note in order to lead a lower middle-class lifestyle. Take care of the middle and I don't care who's at the tippy-top. But when you shrug off Upton Sinclair as your opening gambit, you DNF the race.