This podcast episode explores the complexities surrounding elite universities and their reluctance to expand, revealing how prestige and exclusivity act as powerful forces that not only drive demand but also shape societal perceptions of value in education. With insights from economists Peter Blair and Miguel Urquiola, the discussions range from the impact of rankings and the real benefits of attending such institutions to the implications of economic outcomes linked to prestige, ultimately advocating for a collaborative approach to expand access to quality education while maintaining standards.
