By — April Brown April Brown Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/business-jan-june11-yale_06-09 Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Why Does Yale Cost $55,000 a Year? Economy Jun 9, 2011 4:20 PM EDT Over the years, we’ve interviewed Bob Shiller in a go-kart on the Jersey shore, on a cable car climbing the hills of San Francisco, at a failed condo project in Atlanta, Georgia. Recently, we caught up with Shiller closer to home – outside the admissions office at Yale University, where he’s taught economics since 1982. Given our joint history of off-beat interview elements, he suggested we waylay a Yale campus tour guide and group – to get their take on inflation. One soon materialized. It happened to be a tour FOR tour guides; a seasoned undergrad chaperone taking her newly recruited charges on a dry run. So when touring parents ask why Yale costs $55,000 a year these days, what are the guides supposed to answer? And how, Bob Shiller, do you explain why the inflation rate of going to college is many times that of the overall consumer price index? Watch the video or listen to the audio. [http://www.pbs.org/newshour/video/rundown_blog/20110609_Yale_AUDIO.mp3] Video edited by Elizabeth Shell. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — April Brown April Brown @aprilpbrown
Over the years, we’ve interviewed Bob Shiller in a go-kart on the Jersey shore, on a cable car climbing the hills of San Francisco, at a failed condo project in Atlanta, Georgia. Recently, we caught up with Shiller closer to home – outside the admissions office at Yale University, where he’s taught economics since 1982. Given our joint history of off-beat interview elements, he suggested we waylay a Yale campus tour guide and group – to get their take on inflation. One soon materialized. It happened to be a tour FOR tour guides; a seasoned undergrad chaperone taking her newly recruited charges on a dry run. So when touring parents ask why Yale costs $55,000 a year these days, what are the guides supposed to answer? And how, Bob Shiller, do you explain why the inflation rate of going to college is many times that of the overall consumer price index? Watch the video or listen to the audio. [http://www.pbs.org/newshour/video/rundown_blog/20110609_Yale_AUDIO.mp3] Video edited by Elizabeth Shell. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now