Why Does Randall Collins, Author of the Credential Society, Want

question 29

Essay

Why does Randall Collins, author of The Credential Society, want to "abolish compulsory school requirements and make it illegal for employers to require any particular level of formal education"?

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Definitions:

Investment Banking Process

A series of actions in investment banking involving advisory services, underwriting, and facilitating transactions like mergers and acquisitions for clients.

Primary Market

The primary market is where new securities are issued and sold for the first time to investors, typically involving initial public offerings (IPOs) by companies.

Breakeven Interest Rate

The interest rate at which the cost of borrowing equals the income from an investment, resulting in no profit or loss.

Flotation Costs

Expenses incurred by a company in issuing new securities, including underwriting fees, legal fees, and registration fees, affecting the net proceeds from the offering.