{"id":197803,"date":"2026-05-13T11:01:55","date_gmt":"2026-05-13T09:01:55","guid":{"rendered":"https:\/\/www.erasmusmagazine.nl\/en\/?p=197803"},"modified":"2026-05-13T11:01:56","modified_gmt":"2026-05-13T09:01:56","slug":"onderwijs-is-meer-dan-geld-op-de-bank","status":"publish","type":"post","link":"https:\/\/www.erasmusmagazine.nl\/en\/2026\/05\/13\/onderwijs-is-meer-dan-geld-op-de-bank\/","title":{"rendered":"Education is more than money in the bank"},"content":{"rendered":"\n<p class=\"has-intro-font-size\">Professor of Philosophy Ronald van Raak is a little saddened by the CPB\u2019s narrow model thinking. Do the people working there really not understand that intellectual development is about so much more than money in the bank?<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"1066\" src=\"https:\/\/www.erasmusmagazine.nl\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-1600x1066.jpg\" alt=\"\" class=\"wp-image-195840\" srcset=\"https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-1600x1066.jpg?image-crop-positioner-ts=1770037879 1600w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-875x583.jpg?image-crop-positioner-ts=1770037879 875w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-300x200.jpg?image-crop-positioner-ts=1770037879 300w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-1280x853.jpg?image-crop-positioner-ts=1770037879 1280w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-1536x1024.jpg?image-crop-positioner-ts=1770037879 1536w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto3_columnist_jan2026_Geisje-van-der-Linden-2048x1365.jpg?image-crop-positioner-ts=1770037879 2048w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\"><p data-component=\"image-credits\" class=\"flex flex-wrap gap-2 items-center text-base\">\n\t<span aria-hidden=\"true\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M19.5 5.25H16.9012L15.6234 3.33375C15.555 3.23114 15.4623 3.147 15.3535 3.08879C15.2448 3.03057 15.1233 3.00007 15 3H9C8.87665 3.00007 8.75522 3.03057 8.64648 3.08879C8.53773 3.147 8.44502 3.23114 8.37656 3.33375L7.09781 5.25H4.5C3.90326 5.25 3.33097 5.48705 2.90901 5.90901C2.48705 6.33097 2.25 6.90326 2.25 7.5V18C2.25 18.5967 2.48705 19.169 2.90901 19.591C3.33097 20.0129 3.90326 20.25 4.5 20.25H19.5C20.0967 20.25 20.669 20.0129 21.091 19.591C21.5129 19.169 21.75 18.5967 21.75 18V7.5C21.75 6.90326 21.5129 6.33097 21.091 5.90901C20.669 5.48705 20.0967 5.25 19.5 5.25ZM15.375 12.375C15.375 13.0425 15.1771 13.695 14.8062 14.25C14.4354 14.8051 13.9083 15.2376 13.2916 15.4931C12.6749 15.7485 11.9963 15.8154 11.3416 15.6852C10.6869 15.5549 10.0855 15.2335 9.61351 14.7615C9.14151 14.2895 8.82007 13.6881 8.68985 13.0334C8.55962 12.3787 8.62646 11.7001 8.88191 11.0834C9.13735 10.4667 9.56993 9.93964 10.125 9.56879C10.68 9.19794 11.3325 9 12 9C12.8951 9 13.7535 9.35558 14.3865 9.98851C15.0194 10.6214 15.375 11.4799 15.375 12.375Z\" fill=\"currentColor\"\/>\n<\/svg>\n<\/span>\n\t<span class=\"sr-only\">Image by:<\/span>\n\n\t\t\t<span>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.erasmusmagazine.nl\/en\/persons\/geisje-van-der-linden\/\" class=\"underline hocus:no-underline decoration-1 underline-offset-2\">Geisje van der Linden<\/a>\t\t\t\t\t<\/span>\n\t<\/p>\n<\/figcaption><\/figure>\n\n\n\n<p>Do you want to become rich? Then above all, do not study. After all, you lock yourself away in a university for years, while you could have been doing business during all that time \u2013 or you could have been speculating: the fastest way to make money is, after all, with money. All that reading and all those lectures; those exams and that stress. I can assure you, it is not worth all that effort just for the money.<\/p>\n\n\n\n<p>You may think: that Van Raak is being rather outspoken, but I am nowhere near as radical as the Netherlands Bureau for Economic Policy Analysis (CPB): until recently it claimed that education brings no financial benefit to society at all. The CPB calculates the programmes of political parties. There has been much criticism of this, because the models used are very limited. For example, the bureau viewed investments in education and research solely as costs, because it simply could not calculate their returns.<\/p>\n\n\n\n<p>In our country, political parties are expected to have their plans assessed by the CPB. Parties have been doing this since 1986. This is a typically Dutch phenomenon \u2013 in other countries it is far less common. We have a tradition of planning bureaus, partly due to the work of Jan Tinbergen, the great economist of the Netherlands School of Economics, a predecessor of Erasmus University \u2013 and also the namesake of the Tinbergen Building. In 1945 he was one of the founders of the CPB, but he would certainly have criticised the bureau\u2019s current models. For Tinbergen, science had a social duty and education had the task of developing people \u2013 something that simply cannot be captured in models.<\/p>\n\n\n\n\t<div data-name=\"acf\/posts-list\" >\n\t\t\t\t\t<h2 class=\"sr-only\">Een lijst met artikelen<\/h2>\n\t\t\n\t\t<div class=\"space-y-6 md:space-y-8\">\n\n\t\t\t\n\t\t\t<ul class=\"grid items-strecth grid-cols-1 gap-2 md:gap-4 lg:gap-8\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t<li class=\"@container\">\n\t\t\t\t\t\t\n<div data-component=\"teaser-post-small\" class=\"block-theme-violet  relative flex h-full bg-sand-300\n\tblock-theme-violet:bg-white block-theme-violet:text-purple block-theme-mocha:bg-sand-500 block-theme-mocha:text-brown\n\tblock-theme-sand:bg-sand-300 block-theme-sand:text-neutral-900\n\tblock-theme-violet:outline-purple-100 block-theme-violet:outline-1 block-theme-violet:outline-t-0\n\ttheme-mocha:bg-white! theme-violet:bg-white! theme-sand:bg-white!\n\tflex-row gap-4 @md:gap-8 p-4 @md:p-6\">\n\t\t\t<div class=\"image:w-full image:aspect-square image:object-cover shrink-0 size-17.5 @sm:size-21.25 @md:size-30 @lg:size-40\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"460\" height=\"319\" src=\"https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/2021\/06\/10115828\/Tinbergen-boek-1280x888.jpeg?image-crop-positioner-ts=1766139248\" class=\"attachment-square_lg size-square_lg\" alt=\"\" srcset=\"https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/2021\/06\/10115828\/Tinbergen-boek-1280x888.jpeg?image-crop-positioner-ts=1766139248 1280w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/2021\/06\/10115828\/Tinbergen-boek-1280x888-300x208.jpeg?image-crop-positioner-ts=1766139248 300w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/2021\/06\/10115828\/Tinbergen-boek-1280x888-875x607.jpeg?image-crop-positioner-ts=1766139248 875w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/2021\/06\/10115828\/Tinbergen-boek-1280x888-150x104.jpeg?image-crop-positioner-ts=1766139248 150w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/2021\/06\/10115828\/Tinbergen-boek-1280x888-225x156.jpeg?image-crop-positioner-ts=1766139248 225w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\" \/>\n\t\t<\/div>\n\t\n\t<div class=\"flex flex-col gap-2 md:gap-4 \">\n\t\t\t\t<h3 class=\"text-md @lg:text-lg\">\n\t\t\t<a href=\"https:\/\/www.erasmusmagazine.nl\/en\/2021\/06\/10\/jan-tinbergen-biography-the-dichotomy-between-science-and-politics\/\" class=\"absolute-link text-current hocus:underline inline-block\">\n\t\t\t\tJan Tinbergen biography shows the dichotomy between science and politics\n\t\t\t<\/a>\n\t\t<\/h3>\n\n\t\t<div class=\"flex flex-wrap gap-4 items-center\">\n\t\t\t<span class=\"sr-only\">Gepubliceerd op:<\/span>\n\t\t\t<time class=\"text-sm font-soehne text-neutral-900\" datetime=\"2021-06-10\">10 June 2021<\/time>\n\n\t\t\t\t\t\t\t\t\t\t\t\n\t<ul data-component=\"list-badges\" class=\"flex items-center gap-2 flex-wrap\" aria-label=\"Geplaatst in categorie\">\n\t\t\t\t\t<li>\n\t\t\t\t\t<div data-component=\"badge\" class=\"block-theme-violet:bg-purple font-soehne font-bold text-sm bg-brown-600 block-theme-violet:bg-purple text-white py-[2px] px-2\">\n\t\t\t\t\tOpinion\n\t\t\t<\/div>\n\t\t\t<\/li>\n\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n<\/div>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<\/ul>\n\n\t\t\t\t\t<\/div>\n\t<\/div>\n\n\n\n<p>The CPB\u2019s models are taken extremely seriously. Certainly in politics, where parties are expected in the assessment process to \u2018prove\u2019 whether their proposals are \u2018CPB-proof\u2019. This is partly encouraged by the attitude of the planning bureau itself, which in 2025 made economic forecasts up to 2060. That is 35 years. Let us count back 35 years from 2025 \u2013 we then arrive at 1990. \u2018Those were good times\u2019, sang Corrie Konings at the time. Ruud Lubbers was prime minister then; the current European Union did not yet exist, though the Soviet Union still did. As a student, I wrote my papers on a typewriter, we did not use computers; the digital revolution had yet to begin. What value would a prediction for 2025 have had at that time?<\/p>\n\n\n\n\t<div data-name=\"acf\/quote\" class=\"align\" >\n\t\t<div class=\"\">\n\t\t\t<figure data-component=\"quote-with-author\" class=\"@container\">\n\t<blockquote class=\"text-md italic @2xl:text-xl @4xl:text-2xl text-purple\">\n\t\t\u2018I become a little saddened by the CPB\u2019s narrow model thinking\u2019\n\t<\/blockquote>\n\n\t<\/figure>\n\t\t<\/div>\n\t<\/div>\n\n\n\n<p>Criticism of the CPB is growing and the planning bureau is not deaf to it, certainly when it comes to the strange outcomes of the models regarding investments in education and research. That is why the bureau announced an adjustment, through the introduction of a so-called human capital model, based on a lifetime income approach. To calculate the returns of more education, the CPB will now predict how much additional income people will gain from it.<\/p>\n\n\n\n<p>I become a little saddened by the CPB\u2019s narrow model thinking: for them, the importance of education is therefore the amount of money you can earn from it. The people working there must also have received an education themselves, surely? Do they really not understand that intellectual development is about so much more than money in the bank? I do not see the new <a href=\"https:\/\/www.cpb.nl\/persbericht\/cpb-introduceert-human-capital-model-voor-inzicht-langetermijneffecten-onderwijsbeleid\">CPB model<\/a> as an improvement, but rather as confirmation: that the CPB itself could still use some education.<\/p>\n\n\n\n\t<div data-name=\"acf\/posts-list\" >\n\t\t\n\t\t<div class=\"space-y-6 md:space-y-8\">\n\n\t\t\t\t\t\t\t<h2 class=\"text-lg md:text-xl\">Read more<\/h2>\n\t\t\t\n\t\t\t<ul class=\"grid items-strecth grid-cols-1 gap-2 md:gap-4 lg:gap-8\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t<li class=\"@container\">\n\t\t\t\t\t\t\n<div data-component=\"teaser-post-small\" class=\"block-theme-violet  relative flex h-full bg-sand-300\n\tblock-theme-violet:bg-white block-theme-violet:text-purple block-theme-mocha:bg-sand-500 block-theme-mocha:text-brown\n\tblock-theme-sand:bg-sand-300 block-theme-sand:text-neutral-900\n\tblock-theme-violet:outline-purple-100 block-theme-violet:outline-1 block-theme-violet:outline-t-0\n\ttheme-mocha:bg-white! theme-violet:bg-white! theme-sand:bg-white!\n\tflex-row gap-4 @md:gap-8 p-4 @md:p-6\">\n\t\t\t<div class=\"image:w-full image:aspect-square image:object-cover shrink-0 size-17.5 @sm:size-21.25 @md:size-30 @lg:size-40\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"460\" height=\"307\" src=\"https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden.jpg?image-crop-positioner-ts=1770037856\" class=\"attachment-square_lg size-square_lg\" alt=\"\" srcset=\"https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden.jpg?image-crop-positioner-ts=1770037856 2560w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden-875x583.jpg?image-crop-positioner-ts=1770037856 875w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden-1600x1067.jpg?image-crop-positioner-ts=1770037856 1600w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden-300x200.jpg?image-crop-positioner-ts=1770037856 300w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden-1280x854.jpg?image-crop-positioner-ts=1770037856 1280w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden-1536x1024.jpg?image-crop-positioner-ts=1770037856 1536w, https:\/\/www.erasmusmagazine.nl\/en\/wp-content\/uploads\/sites\/8\/Ronald-van-Raak_foto1_columnist_jan2026_Geisje-van-der-Linden-2048x1366.jpg?image-crop-positioner-ts=1770037856 2048w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\" \/>\n\t\t<\/div>\n\t\n\t<div class=\"flex flex-col gap-2 md:gap-4 \">\n\t\t\t\t<h3 class=\"text-md @lg:text-lg\">\n\t\t\t<a href=\"https:\/\/www.erasmusmagazine.nl\/en\/2026\/04\/22\/hoe-het-voelt-als-je-taal-verdwijnt\/\" class=\"absolute-link text-current hocus:underline inline-block\">\n\t\t\t\tHow it feels when your language disappears\n\t\t\t<\/a>\n\t\t<\/h3>\n\n\t\t<div class=\"flex flex-wrap gap-4 items-center\">\n\t\t\t<span class=\"sr-only\">Gepubliceerd op:<\/span>\n\t\t\t<time class=\"text-sm font-soehne text-neutral-900\" datetime=\"2026-04-22\">22 April 2026<\/time>\n\n\t\t\t\t\t\t\t\t\t\t\t\n\t<ul data-component=\"list-badges\" class=\"flex items-center gap-2 flex-wrap\" aria-label=\"Geplaatst in categorie\">\n\t\t\t\t\t<li>\n\t\t\t\t\t<div data-component=\"badge\" class=\"block-theme-violet:bg-purple font-soehne font-bold text-sm bg-brown-600 block-theme-violet:bg-purple text-white py-[2px] px-2\">\n\t\t\t\t\tColumn\n\t\t\t<\/div>\n\t\t\t<\/li>\n\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n<\/div>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<\/ul>\n\n\t\t\t\t\t<\/div>\n\t<\/div>\n\n\n\n\t","protected":false},"excerpt":{"rendered":"<p>Professor of Philosophy Ronald van Raak is a little saddened by the CPB\u2019s narrow model thinking. Do the people working there really not understand that intellectual development is about so much more than money in the bank? Do you want to become rich? Then above all, do not study. After all, you lock yourself away [&hellip;]<\/p>\n","protected":false},"author":309,"featured_media":195840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"editor_notices":[],"footnotes":""},"categories":[127],"em_content_type":[24797],"class_list":["post-197803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rubriek-column-en","em_content_type-column"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Education is more than money in the bank<\/title>\n<meta name=\"description\" content=\"Professor of Philosophy Ronald van Raak is a little saddened by the CPB\u2019s narrow model thinking. 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