The first is that America's potential growth rate is much higher than conventional wisdom suggests, because productivity is much higher than official statistics measure.
These numbers are driven by conventional wisdom that views higher education as a surefire ticket to a successful career and greater lifetime earnings.
FORBES: Who Got Rich This Week: A For-Profit Educator, An Insulin Inhaler Maker And More
The popular wisdom is that they will revolutionize higher education, and possibly even put traditional colleges and universities out of business.
FORBES: MOOCs Are No Education Panacea, but Here's What Can Make Them Work
One of those opinions confirms the conventional wisdom that U.S. higher education, especially at our elite research universities, is world class while primary and secondary education, especially in our big city school systems, are lagging badly.
FORBES: Why Fixing America's Schools Means Increasing Teacher Productivity
Yet Japanese have higher scores than Americans for the sort of interpersonal wisdom you might think would be useful in an individualistic society.
"Low-risk stocks, unlike what conventional wisdom would say, deliver if anything higher returns than high-risk stocks, " says Baker, who was an Olympic rower on an eight-man crew in the 1992 games.
As the rise of online universities demonstrates over the past decade, this wisdom has largely held in the field of higher education.
FORBES: New Higher Education Regs Discriminate, Block Established Organizations from Innovating
Higher productivity conflicts with their accepted goal of low student teacher ratios and with conventional wisdom on what is required for quality education.
FORBES: Why Fixing America's Schools Means Increasing Teacher Productivity
In some quarters, the conventional wisdom is that the deficit-reduction plan will have to include tax increases, such as higher federal estate tax rates with lower exemptions.
Volume on EWJ is averaging 4.9 million shares, higher than the ETFs for iShares MSCI Brazil (EWZ), Market Vectors Russia (RSX), Wisdom Tree India (EPI) and the iShares FTSE China (FXI) fund.
For the past few decades the conventional wisdom in finance has been that investors don't receive any extra return for putting up with higher levels of raw volatility but that they do enjoy excess returns for owning high-beta stocks.
应用推荐