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I agree that study will teach facts, but I believe study tends to achieve more of an understanding of theories. That is until you begin to conduct experiments and conduct research, until then - which generally post-grad - we tend to learn about prevalent theories.
It is my opinion that teaching facts is more worthwhile than teaching theories, excluding maths or science in which the theories are inextricable from the facts, though other subjects, such as languages, philosophy or social sciences require empiricism and facts.
Like I've been saying polemics are always false, and polemic is all any theory is at the end of the day.
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