Getting Medieval on Tuition
Here’s a great story you may have missed: at the University of Toronto, students have created their own exchanges where they can pay students who are enrolled in a class which is full to drop out, thus opening space for themselves. In other words, a secondary market in class spaces has spontaneously emerged (as markets do). Most people’s reaction to this is either shock/horror (costs to students, more inequality, yadda yada), or mild amusement. But I think it raises some interesting