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4min chapter
Higher Ed Crisis w/ Dennis Hogan
The Dig
Is There a Difference Between NYU and Harvard?
The market for elite credentials probably looks a lot more like the market for luxury goods than it does for ordinary goods. Harvard has the money where it could enroll thousands and thousands of more students. But then, you know, it wouldn't be able to accept fewer than 9% of the people who apply. So philanthropic giving to wealthy institutions is almost exclusively of like reputational laundering rather than advancing a social mission.
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