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David Friedman | Gaming the Future, Chapter 4: SKIM THE MANUAL | Intelligent Voluntary Cooperation.

Foresight Institute Radio

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The Three Functions of Colleges and Universities

The current system of higher schooling colleges and universities serve three different functions. The fact you've been admitted to Harvard is information for a potential employer or a potential spouse, somebody else who wants to interact with you. So one function of college that you're going to have to replace if you want to get rid of colleges is some way of demonstrating the interest in third parties that you are able and confident.

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