Ideas

In the new book The Education of Millionaires, Michael Ellsberg suggests that although “there are many wonderful things you can learn in college,” few of them are transferable to real life. Perhaps in an effort to fill that perceived gap, Ellsberg has written what might be characterized as a motivational self-help manual that aims to reveal “the capabilities and mind-sets that will get you ahead outside the classroom.”

(MORE:The 20 Best- and Worst-Paid College Majors)

So far, so good. I welcome the kind of robust debate about the value of higher education that this book may engender. It is necessary to bear in mind, however, that what Ellsberg also reveals is a passionate regard for making money — lots of it — as a measure of the value of an individual’s work and worth. To defend his thesis, the author cites a number of college dropouts —…

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