Markets in Everything: Econ BS from LSE for $5k

Via Academic Earth:  

The London School of Economics(LSE) offers a Bachelor of Science in Economics that can be earned entirely through distance learning. The program is administered through the University of London External System.

Requirements and Costs: The degree can be completed in three years through full-time study, with 12 total year-long courses. Total tuition expenses for the degree are approximately $5,000 for the entire three-year program (3,237 GBP).

Qs: Why go to Harvard or Yale, where just one college class costs about $3,500, or almost as much as the entire BS degree from LSE?  Is this the college degree of the future? 

HT: Buddy Pacifico