Freshed

FreshEd is on break! While we are away, we'll re-play some of our favourite episodes. Two quick notes: First, please consider donating to FreshEd to keep us open access and ad-free. https://paypal.me/FreshEdPodcast Second, applications are open for Season 3 of FreshEd Flux. Apply now! https://freshedpodcast.com/flux/apply/ -- The World Bank hasn’t always made loans to education. Post-World War II, the Bank focused mainly on infrastructure. Even when it did start lending to education in the 1960s, it used the idea of manpower planning, the process of estimating the number of people with specific skills required for completing a project. Only in the 1970s did the World Bank begin to think of education in terms of rates of return: the cost-benefit calculation that uses expected future earning from one’s educational attainment. The introduction of rates of return inside the World Bank was no easy process. The internal fights by larger-than-life personalities were the stuff legends are made from. Yet, these d