Elite schools confer advantages on their students, in part through the promise of exclusivity. But they can't expand their supply without deluding their exclusivity. Peter blair thinks it's possible for an alete school to get bigger without deluding its prestige. The university of california has doubled in size and more over the last 30 years.
America’s top colleges are facing record demand. So why don’t they increase supply? (Part 2 of “Freakonomics Radio Goes Back to School.”)