people shit on this because they're boring but to the extent colleges are about career prep this seems likely to correctly align incentives in the face of information asymmetryhttps://twitter.com/MarkAmesExiled/status/1020350417350389762 …
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Yeah you can do that with a library card and an internet connection more effectively than you can by going to lecture
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Most people don't learn stuff in college IME :(
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I learned everything I was supposed to learn in college either cramming for interviews or reading for pleasure years later. I got a lot of binge drinking and promiscuity our of my system, met rich folks, and studied abroad tho. so not at all wasted time, just wrong price
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True, my comment applies mostly to undergrad
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This would be good for undergraduate education, but it'd be *really* good for grad-school admissions. Let's imagine you required all PhD students to be fully funded and get a stipend...
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...AND made colleges borrow money to pay for the stipend (e.g. no dipping into the endowment or undergrad tuition coffers). Academia-wide, the PhD student supply would suddenly shrink to a much more reasonable level.
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I say "make the colleges borrow money" because plenty of institutions, like Harvard and Yale, are rich enough that they can just dip into their endowments to keep funding PhD student overproduction.
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Ultimately, some mechanism needs to be introduced to match PhD production with PhD "consumption"/job placement. And any such mechanism is going to be bad news for PhD students at second- and third-tier programs. But I'm not sure how else you fix the problem.
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