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501. The University of Impossible-to-Get-Into

Freakonomics Radio

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The Dual Role of College Degrees

This chapter examines the role of college degrees as social signals rather than solely indicators of educational achievement, addressing credential inflation and the benefits of higher education. It contrasts the economic advantages of attending prestigious institutions with the challenges of ensuring quality instruction and access in elite universities. The discussion also explores the complexities of admissions processes and the potential for collaboration among elite schools to expand access without sacrificing quality.

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