3 ms·
Given that funding for elite colleges is largely about social signaling, if the poor and rich were fairly represented by ability in these colleges, wouldn't the
by lotsofmangos 12y ago
Given that funding for elite colleges is largely about social signaling, if the poor and rich were fairly represented by ability in these colleges, wouldn't the rich move their money out and set up new elite colleges?
- judk 12y agoThis is really interesting. It would be great to see how this plays out, as there are "menu effects" and "reputation effects", intertia and such that would make it awkward to have society make this change without people publicly admitting what they are doing.
- lotsofmangos 12y agoThis might be why you end up getting colleges within colleges within colleges. They are like a kind of social power fractal, that becomes crystallized in brick over time.