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Raising All the Money They Can, and Spending All the Money They Raise

Posted By Bacon's Rebellion
Date Wednesday, 7 August 2019, at 10:49 a.m.

There are two broad theories explaining why the cost of higher education has increased at roughly four times the rate of inflation over the past two decades. One is the Baumol cost-disease hypothesis. Economist William J. Baumol used the example … Continue reading

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