Show Them the Money, September 17th, New York Times Sunday Book Review.
...Golden (the author of The Price of Admission) tells us that the admissions process, at least at the 100 top colleges and universities, is not a meritocracy — and exactly who thought it was? — but a 
marketplace. Every spot is up for bid. Some people bid with intelligence, which has obvious worth to the institution; some with cold cash, with its certain value; and others with the currency of connections and influence and relationships that serve the institution’s interests. The ultimate result of trading limited spaces for ever increasing value is Harvard’s preposterous endowment of $26 billion...by Michael Wolff.
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