By Harmesh Bhambra '16
Inflation is seen as a normal condition of a modern economy, such that the absence of inflation, or deflation, is generally greeted by investor fear.
This paradigm continues within the Booth bubble. The announcement on April 27th that tuition fees would rise in 2015-16 by 4.00% and 2.05% for first-and second-year full-time MBA students respectively was met with insouciance. The real significance of these rises, however, depends on the causes and consequences. How are input costs changing? How does Booth compare to other schools? Are increases commensurate with the value for students?