03
Sep
2009
An Interesting Theory of Higher Education Costs
When I got back in my car after leaving the gym–what, you thought this figure was natural?–I turned on the radio to discover a familiar voice on NPR’s “Marketplace.” The commentator gave a theory of the high price of college tuition.
Out of the 310 words in the commentary, the word “government” appears 0 times. Instead, the commentator said that higher education was a form of placebo effect, and concluded with, “Colleges and universities may appear inefficient or overpriced, but it’s a business model likely to stand the test of time. As long as we keep on thinking that it works, it probably does.”
I don’t need to tell you who the commentator was, do I?
Comments are closed.
