Isn't the reason Harvard undergraduate degrees are immensely valuable precisely the limited supply of them?
Harvard undergraduate degrees are immensely valuable because Harvard does not have to maintain the polite fiction that all individuals are equally gifted. As a result, other institutions which have to maintain the polite fiction that all individuals are equally gifted, but which would prefer to get the ones more gifted than others, look for the Harvard label.
Harvard undergraduate degrees are immensely valuable because Harvard does not have to maintain the polite fiction that all individuals are equally gifted. As a result, other institutions which have to maintain the polite fiction that all individuals are equally gifted, but which would prefer to get the ones more gifted than others, look for the Harvard label.