Quote by Albert Einstein
The school has always been the most important means of transferring the wealth of tradition from one generation to the next. This applies today in an even higher degree than in former times, for through modern development of economic life, the family
Summary
no longer plays the same role as before. Friedrich August von Hayek This quote by Friedrich August von Hayek states that schools hold an essential role in passing down traditional knowledge from one generation to the next. While this has always been important, it is even more crucial today due to changes in the economic structure of society that have diminished the family's ability to pass on tradition. With modern development, schools have become the primary medium for preserving and transferring societal wealth and knowledge.