In all over July, the National Bureau of Economic Research (NBER), the most important think tank of the United States, organizes its traditional NBER Summer Institute 2016. On July 27, the economists debated the value of academic institutions for economy and society. Chaired and introduced by NBER President Jim Poterba, the debate was based on a great lecture:
8th Annual Martin Feldstein Lecture
Caroline Hoxby, Stanford University and NBER
The Dramatic Economics of the U.S. Market for Higher Education: The Full Spectrum from Greatness to Mediocrity
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