The Price of Admission
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Read on Hacker News… suggestion on why to leave well enough alone. I wonder how one would check the economic effect on colleges of changing current admission policies. Daniel Golden's book _The Price of Admission_ http://www.amazon.com/Price-Admission-Americas-Colleges-Outs... claims that colleges could be much more meritocratic in admission than they now are, but his good examples (Caltech among research universities, and Berea among small liberal arts colleges) perhaps undermine his argument.
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