Here was my post on the topic:https://www.bloomberg.com/view/articles/2018-06-28/harvard-and-top-private-schools-should-increase-admissions-a-lot …
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But then Yale Law and Harvard Law need to increase class size, and Carlyle and Blackstone need to hire more, and so on. People will always find a way to sort themselves in the status game.
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I, the omniscient and benevolent social planner, do not care about social status. And I say: MOAR
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Yale’s 2 new residential colleges increase undergrad enrollment 5400 -> 6200. Opened last yearhttps://news.yale.edu/2017/08/23/first-students-be-welcomed-two-new-residential-colleges-week …
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Baby steps!!!
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No, they should cut enrollment down to zero. A. It would end the facade. Harvard is no more an undergraduate university than I am my fingernail. B. Directly fewer students with crippling debt, and one less high-tuition example for others to follow. C. Maybe, politicians and the
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public could focus on the real issues and challenges for higher education in the US, which has nothing to do with the ivys.
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I am unconcerned with crippling debt for Harvard graduates. If family income < 65k, zero costs. If <150k, max 10% of family income.
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I suspect a disproportionate share of endowment increase came from undergraduate alums. Don't kill the golden goose.
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Maybe those people would instead give to places where their gifts would actually impact education, instead of it going to chairs for profs who would not know an undergraduate unless bitten by one.
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What are the scale economies that make mega-Harvard more efficient than many Harvards? Yes there are some, but universities are mostly (long run) variable costs. Maybe we just kill the rankings, kill belief that there is only one “best”, and students pick based on fit
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well, they do appear to exist to a limited extent in business schools. MBA classes at Harvard and Wharton are significantly larger than most other top programs.
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Potential explanations: econ of scale (career development?), opportunity (most business schools pushed for revenue within university), initial conditions (both very early movers when demand far outstripped supply), empire building. All feasible. Not sure one story dominates
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But they're selling exclusivity. That's the point. Even Berkeley has a hard-coded max size.
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Just doing beer math but couldn’t they afford to allow all students to attend for free with just 5% annual growth on endowment?
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Easiest for Stanford, probably
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Cornell I believe has done it, to some extent
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Or maybe we should stop caring what they do and instead milk their endowments for revenue
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