Sunday, October 14, 2018

The value of breadth

As the present regime shifts to one controlled by uncertainty and accelerating technology, the premium on breadth of knowledge compared to depth, continues to increase. Innovation appears to happen at the intersection of fields and not in secluded domains and that is an important issue that educational institutions need to consider as they design futuristic curriculums.

It is also highly problematic. As an example, business graduates tend to be broad and shallow and if the stated hypothesis holds true, they should do well in the future. However, it is more complex than that. As the value of the individual is intricately correlated with how she can improve the economics of societies, it is not just the breadth of knowledge that gets into the objective function but also applications of it. Here, shallow and broad knowledge suffers from interactions with institutional constraints. The politicians in Washington are certainly shallow and not necessarily broad. Without deep knowledge of technology, policy-makers are ill-equipped to do anything good for future generations, let alone for themselves. They could be well advised to go deeper, perhaps a few inches below the ground they walk.

A bifurcation is in the cards. There is an optimum shape - breadth over depth - that optimizes societal progress. The pride of the country, the graduate schools, are without a clue, chasing after the latest "trends," to optimize localized economics. They need and want to make money by selling the latest wares and they are beginning to resemble a used car sales tent. It is unfortunate. Those who want to advance knowledge and improve societies, need to get out of the artificial and rigid constraints placed on them - academic, political and economic - and attempt to shape thinking beyond their career horizons. That is a tough ask even for those who already secured tenure, but still counting the number of incremental papers they published in marginal journals.

The value of breadth is increasing but not for those who do not have any depth.