Showing posts with label Fees. Show all posts
Showing posts with label Fees. Show all posts

Tuesday, 5 May 2009

Dumbass reader's letter/special pleading of the day

In today's FT, by Peter Johnson, "Fellow and Tutor, Exeter College, Oxford" so you'd expect some special pleading for Higher Education funding (fair enoughski) and that is exactly what you get (so it's not worth fisking) but he also describes himself as "management educator' so WTF does he stoop to this...

"Fees skew educational choice"?

Nope. A basic rule of economics is that the best form of rationing is price rationing. It is the absence of market rate fees (or fees that at least cover the costs of provision*) and the myriad subsidies that skew educational choice. He then commits intellectual hari kiri with this ...

"Education is not fast food"

Twat.

* If universities want to use profits from what he dismissively refers to as 'job training' to subsidise more esoteric things, then good luck to 'em - I know that I wouldn't. But why forego the profits on the 'job training' and then expect the taxpayer to subsidise the airy-fairy stuff?