Another point of view on the discussion of escalating education costs… “And that explanation rests on a simple and plausible economic hypothesis.” Read for yourself and decide where this blog’s contents fall…
From StrategyProfs.net. Via Marginal Revolution.
“By now, you may be getting sick of reading articles and blog posts about the crisis in higher education. This post is different. It proposes an explanation of why students have been willing to pay more and more for undergraduate and professional degrees at the same time that these degrees are becoming both less scarce and more dumbed down. And that explanation rests on a simple and plausible economic hypothesis.”
Read the rest here.