Day: June 15, 2023

Choosing a College Blindfolded

Choosing whether and where to attend college is the most important financial decision of a young person’s life. Yet, in general, we withhold the information that would allow students to make informed decisions. The most blatant example is hiding the cost of college. In 2018, Stephen Burd, Rachel Fishman, Laura Keane, Julie Habbert, Ben Barrett, […]

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Higher Education Needs Some Creative Destruction

Picking up on the ideas of Karl Marx and German historian-economist Werner Sombart, Joseph Schumpeter, in his 1942 classic Capitalism, Socialism and Democracy, suggested that in a vibrant, private, competitive market economy, firms are constantly being created and destroyed. Businesses who miscalculate—those who fail to adequately meet the needs of their customers or utilize new, […]

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