An introduction

This is a semi-public place to dump text too flimsy to even become a blog post. I wouldn't recommend reading it unless you have a lot of time to waste. You'd be better off at my livejournal. I also have another blog, and write most of the French journal summaries at the Eurozine Review.

Why do I clutter up the internet with this stuff at all? Mainly because I'm trying to get into the habit of displaying as much as possible of what I'm doing in public. Also, Blogger is a decent interface for a notebook

Thursday, June 9, 2011

Donations and university admissions

Large donations to prestigious universities, so goes the common belief, will help your offspring get places there.

The universities deny this with varying amounts of vigor.

The rumour, though, probably does them no harm at all. If the rumour were mostly baseless, they would be in the best possible position. They can whip up donations with the belief, and not be constrained to live up to their not-quite-promises.

Such is the benefit of being a powerful player in an illegal market, where most of the other participants will only play once, have poor information and jdugment often clouded by emotions.

[vaguely in rsponse to Tyler Cowen, and more indirectly to the New College of the Humanities]
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