When the beard is black, take the reasoning, ignore conclusions. When gray, take both reasoning & conclusions. When white, just conclusions. - Nassim Nicholas Taleb

Too many people think in labels.

Take the following potent and less-is-more-style argument by the rogue economist Ha-Joon Chang. In 1960 Taiwan had a much lower literacy rate than the Philippines and half the income per person; today Taiwan has ten times the income. At the same time, Korea had a much lower literacy rate than Argentina (which had one of the highest in the world) and about one-fifth the income per person; today it has three times as much. Further, over the same period, sub-Saharan Africa saw markedly increasing literacy rates, accompanied with a decrease in their standard of living. We can multiply the examples (Pritchet’s study is quite thorough), but I wonder why people don’t realize the simple truism, that is, the fooled by randomness effect: mistaking the merely associative for the causal, that is, if rich countries are educated, immediately inferring that education makes a country rich, without even checking. Epiphenomenon here again.

Humanities degrees are very valuable (w/o ideological professors), provided it is complemented with real world apprenticeships (accounting, etc.) . It is degrees in psychology and social "science" full of theories that are not just worthless but work in reverse.