Earlier quoted context omitted.
First of all, you don't know what you're talking about. Signaling is bullshit. You might as well try and turn one of those acceptance letters into a job offer. See how that works out for you. The reason elite colleges are elite is because they are filled with people deemed "the elite." Got that? A big part of the experience at ANY undergraduate school is WHO you happen to be learning WITH not just who you are learnin…
I don't really see how signally is bullshit from the examples you've given. Harvard College does make a a decision to cultivate a class composed of the best students, that's sort of the entire point. Acceptance to Harvard College ends up being a signal for those things it selects for, not necessarily those things one actually learns. The gateway is admissions, not what Harvard actually imparts. Since the admissions s…
BTW, which "first" 60 years are you talking about? Harvard's admission process wasn't /really/ competitive until the 50's.
http://www.newyorker.com/archive/2005/10/10/051010crat_atlar...