Here is one excerpt:
“If you’re not a good [chess] player,” Cowen writes, “the fact that you studied with a top teacher doesn’t mean a thing. … There is nothing [in chess] comparable to the glow resulting from a Harvard degree: Announcing ‘I studied with Rybka’ [a powerful chess engine] would bring gales of laughter, since anyone can do that. … The company selling Rybka tries to make its product replicable and universal, whereas Harvard tries to make its product as exclusive as possible. Now, which model do you think will spread and gain influence in the long run?”
Before you answer that, consider this: A year of tuition, room and board at Harvard will set you back more than $50,000. You can get a copy of Rybka for about $50.
The full piece is here.