> The special role of educational institutions in simultaneously sub- sidizing and rationing entry is common to all professions requiring advanced training.23 It is a striking and insufficiently remarked phe- nomenon that such an important part of resource allocation should be performed by nonprofit-oriented agencies.
I wonder if Arrow would understand today's higher education institutions as remaining nonprofit oriented?
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[ 3.4 ms ] story [ 14.8 ms ] threadI wonder if Arrow would understand today's higher education institutions as remaining nonprofit oriented?