The recent college admissions scandal is spectacular in its size and scope, but hardly surprising. Let me make four major points. Whenever there are scarce resources in much demand and a non-market solution is used to allocate those resources, there are bound to be problems. At the schools involved in this admissions scandal, there are […]
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Years ago, when our youngest daughter was a junior at Trinity, an exclusive private school in Manhattan, my wife and I attended a meeting with other parents in a large auditorium to listen to admissions officers of four of the eight Ivy League schools. They all spoke about their schools, and what was required for […]
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