5min chapter

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500. What Exactly Is College For?

Freakonomics Radio

CHAPTER

Colleges Compete, Universities Compete

Economist miguel urchiola says the us. system is peculiar for its astronomical levels of tuition. The earliest universities were founded in europe in the eleventh and twelfth centuries, places like oxford, the university of bologna,. univer of paris they were typically run by the church. With the reformation, 500 years later, they were mostly taken over by governments. This does have its upsides: If you were going to fall into a random german university or a random american one, you might want to choose the germ setting. But it also means there's less inequality and differentiation than in the us.

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