Compared amongst Harvard tuition, that is, according to Irwin Collier:
In other words, over the by 140 years, textbook prices accept risen alone 114-fold, whereas Harvard tuition has risen 377-fold.
Over this period, the CPI has risen 22-fold. So the existent cost of textbooks has increased well-nigh 5-fold, or a flake to a greater extent than than 1 per centum per year.
Sumber https://gregmankiw.blogspot.com/
Excerpts from the Harvard Catalogue for 1874-75 amongst principal texts.... Incidentally, 1 finds that annual fees for a sum course of instruction charge at Harvard ran $120/year as well as a re-create of John Stuart Mill’s Principles cost $2.50. Cf. today’s Amazon.com cost for N. Gregory Mankiw’s Economics which is $284.16. If tuition relative to the cost of textbooks had remained unchanged (and the character modify of the Mankiw textbook relative to Mill’s textbook(!) were equal to the character modify of the Harvard undergraduate education today compared to that of 1874-75(!!)), Harvard tuition would alone locomote well-nigh $13,600/year today instead of $45,278.
In other words, over the by 140 years, textbook prices accept risen alone 114-fold, whereas Harvard tuition has risen 377-fold.
Over this period, the CPI has risen 22-fold. So the existent cost of textbooks has increased well-nigh 5-fold, or a flake to a greater extent than than 1 per centum per year.
Sumber https://gregmankiw.blogspot.com/
