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Why Does Yale Cost $55,000 a Year?

Recently, we caught up with economist Robert Shiller closer to home — outside the admissions office at Yale University, where he’s taught economics since 1982. 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 tourguide’s tour, a seasoned undergrad chaperone taking her newly recruited charges on a dry run.

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