In other words, you pay what you pay to attend Harvard, to a large extent, because of its network effects. And that is really the reason at the end of the day. This is especially true in areas where network is expected to be a big factor --think Economics, Law, Business.
And that's why you pay that much to go to Harvard, to gain access to their network.
And that's why you pay that much to go to Harvard, to gain access to their network.