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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
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@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    Noah Smith‏Verified account @Noahpinion Oct 15

    Noah Smith Retweeted John Arnold

    Yep. Elite schools need to INCREASE CLASS SIZE.https://twitter.com/JohnArnoldFndtn/status/1051853777391808512 …

    Noah Smith added,

    John Arnold @JohnArnoldFndtn
    Perhaps the bigger issue with Harvard admissions: In 1977, freshman class was 1,585 with endowment of $2 billion. In 2017, freshman class was 1,659 with endowment of $37 billion. In 40 years, class size grew just 5% while endowment grew 1750%.
    1:32 PM - 15 Oct 2018
    • 17 Retweets
    • 119 Likes
    • Hayek's Ghost Subhajoy Das Joshua Booth Jorg Lueke Dave Brown Jordan Matthew Palm Peter Lorentzen Justin Yost
    17 replies 17 retweets 119 likes
      1. Noah Smith‏Verified account @Noahpinion Oct 15

        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 …

        7 replies 5 retweets 30 likes
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      1. New conversation
      2. Nick Walker‏ @nw3 Oct 15
        Replying to @Noahpinion

        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.

        1 reply 0 retweets 0 likes
      3. Noah Smith‏Verified account @Noahpinion Oct 15
        Replying to @nw3

        I, the omniscient and benevolent social planner, do not care about social status. And I say: MOAR

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. Dave Brown‏ @daveybuster Oct 15
        Replying to @Noahpinion

        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 …

        1 reply 0 retweets 1 like
      3. Noah Smith‏Verified account @Noahpinion Oct 15
        Replying to @daveybuster

        Baby steps!!!

        1 reply 0 retweets 0 likes
      4. 1 more reply
      1. New conversation
      2. Dan Singleton‏ @dasingleton Oct 15
        Replying to @Noahpinion

        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

        1 reply 0 retweets 6 likes
      3. Dan Singleton‏ @dasingleton Oct 15
        Replying to @dasingleton @Noahpinion

        public could focus on the real issues and challenges for higher education in the US, which has nothing to do with the ivys.

        1 reply 0 retweets 1 like
      4. tom hynes‏ @tom_hynes Oct 15
        Replying to @dasingleton @Noahpinion

        I am unconcerned with crippling debt for Harvard graduates. If family income < 65k, zero costs. If <150k, max 10% of family income.

        2 replies 0 retweets 1 like
      5. tom hynes‏ @tom_hynes Oct 15
        Replying to @tom_hynes @dasingleton @Noahpinion

        I suspect a disproportionate share of endowment increase came from undergraduate alums. Don't kill the golden goose.

        1 reply 0 retweets 0 likes
      6. Dan Singleton‏ @dasingleton Oct 15
        Replying to @tom_hynes @Noahpinion

        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.

        0 replies 0 retweets 2 likes
      7. End of conversation
      1. New conversation
      2. JP Eggers‏ @jpeggers Oct 15
        Replying to @Noahpinion

        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

        1 reply 0 retweets 3 likes
      3. charlie williams‏ @pontific8 Oct 15
        Replying to @jpeggers @Noahpinion

        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.

        1 reply 0 retweets 2 likes
      4. JP Eggers‏ @jpeggers Oct 16
        Replying to @pontific8 @Noahpinion

        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

        0 replies 0 retweets 1 like
      5. End of conversation
      1. New conversation
      2. Antonio García Martínez‏Verified account @antoniogm Oct 15
        Replying to @Noahpinion

        But they're selling exclusivity. That's the point. Even Berkeley has a hard-coded max size.

        1 reply 0 retweets 10 likes
      3. 1 more reply
      1. Andrew‏ @TheAndrewJay Oct 15
        Replying to @Noahpinion

        Just doing beer math but couldn’t they afford to allow all students to attend for free with just 5% annual growth on endowment?

        0 replies 0 retweets 4 likes
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      2. André Mayer‏ @havhmayer Oct 15
        Replying to @Noahpinion

        Easiest for Stanford, probably

        1 reply 0 retweets 1 like
      3. André Mayer‏ @havhmayer Oct 15
        Replying to @havhmayer @Noahpinion

        Cornell I believe has done it, to some extent

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. Matthew Martin‏ @hyperplanes Oct 15
        Replying to @Noahpinion

        Or maybe we should stop caring what they do and instead milk their endowments for revenue

        0 replies 0 retweets 1 like
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