Is There a Risk in Bundling Universities?

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Universities are not set up to offer work experience and social interaction. The system of universities is likely to shrink, or at least offer things in a different way. There's a bunch of small liberal arts colleges that i expect are going to disappear because the tuition is just too much for the amount of value it creates.

In this c750th (!) episode, Duke University's Michael Munger talks with EconTalk host Russ Roberts about whether the pandemic might create an opportunity for colleges and universities to experiment and innovate. Munger is Professor of Political Science, Economics and Public Policy at Duke. He believes "top" schools can emerge from the current period of uncertainty to thrive in the long run. The path for "second-tier" institutions could be more difficult. They will still face the challenges that existed before the pandemic: competition from online classes and a shrinking pool of new applicants ready to pay high tuition bills.