[...] Even when it comes to higher education, which is supposed to matter more in the knowledge economy, there is no simple relationship between it and economic growth. What really matters in the determination of national prosperity is not the educational levels of individuals but the nation's ability to organize individuals into enterprises with high productivity.
in other words, systemic factors over individual (analogous to note 402)
at the same time, there are some questions which he doesn't really address, that I feel would be very relevant: how do you improve the nation's ability to organise these individuals? isn't a better educated workforce a necessary--though maybe not sufficient--step for that? what policies are needed to make that happen?