Harvard and its peers should be embarrassed about how few students they educate
washingtonpost.com
washingtonpost.com
Education isn't a luxury good, and it shouldn't be treated like one. Education can and should be democratized without sacrifing quality.
The part they left out is important: the endowment. They optimize for the endowment, and contributions towards it. “Elites” have the most money to contribute. It’s always about the money, of which Harvard has $40.9B.
https://en.m.wikipedia.org/wiki/Harvard_University_endowment
Regarding the article's main premise: Harvard's value is its existing network effect, which is a student body that is highly talented and selectively chosen (ignoring the discriminatory biases of "holistic admissions"). That student body makes the degree worth more than degrees from other universities. That's why high performing students continue to go there. If lower-quality students are admitted into the Harvard brand, the value of the degree goes down. That's a cost paid by higher-performing students whose merit gets diluted by lower-performing students. If Harvard just plainly educates more students, it will stop being Harvard since that name's weight and meaning will change.
As a fix to all this, what we really need is decentralization of education. That will allow students lower cost paths to education, greater choice in educational culture, and bring a focus back to teaching/learning rather than professors' research areas.
My university copied MIT's CS curriculum back in the day, as did several other universities. Effectively that meant there was more MIT style education, but people still preferred to be part of MIT.
I think the author realizes this. The article is an attempt to shame them into giving up this value.
"He is well-schooled but poorly educated"
This is specifically and commonly referring to Ivy League grads.
A degree is a Bayesian result that might (or might not) indicate successful education. Thus being schooled and being educated are not the same thing. One is maybe the map to the other being the territory.
I think that if Harvard started admitting 10x, 100x the amount of students, the issue of unequal opportunity would not go away
I like to picture universities as a 4 year recruiting and networking firm with courses slipped into the mix. It makes sense for ivies to have small admittance numbers; for better and for worse. They have the network and connections to some of the best companies out there. Your googles and goldman sachs. It's really that simple; want a "proxy" to hire someone into a highly, highly competitive investment banking role that requires intermediate financial skill but the rest of the skillset is fairly general? If you want a proxy for people with the "best" performance and to mitigate risk of hiring a bad employee, why not hire fresh grads out of the school that is the "hardest" to get into?
If you admit 100x more students to Harvard, new "proxies" to hire the "best" people would arise. In my armchair economist opinion
Plus they would lose out on the endowment money successful students would bring in. The average expected earnings of students would dilute down. I'd be the first one to advocate they should be public in order to mandate and increase in size, but as a private university, why should they change at all? It's literally a terrible business decision
Maybe I've got my priorities backwards. But as I see it, the only way to a more prosperous population is to increase the availability of desirable job roles within a country. Not increase education numbers of top schools. Increasing industry supply for high paying jobs that require education will level out the opportunity gap issue between schools
How does that get accomplished? Tough to say. A problem for someone smarter than me
EDIT:
Politics aside, Jeb Bush recently published a pretty good op ed on how to try to kickstart an increase in skilled job opportunities in America through coordinated education planning. Linked below. He has some great points
The method involving Tennessee seems like a great idea. Seems to mirror how Germany approaches education (from my understanding)
https://www.cnn.com/2021/04/08/perspectives/jeb-bush-america...