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January 29, 2008



At the risk of appearing unserious I have to say...Marcel Fafchamps is THE best name ever.


This rather depends on whether the society is based on making deals or getting things actually done doesn't it. Someone still has to do the grunt work. But maybe the well connected just grab all the credit. Sas but true, probably.

Bob B

"Macroeconomic evidence for a strong link between human capital and subsequent growth is surprisingly weak"

I can take that, not least because of issues over the direction of causality. But what of the literature on the private and social rates of return to spending on higher education? Depending on the degree subject, graduates mostly achieve higher earnings than non-graduates.

"Graduates can expect to earn £150,000 more over their lifetimes than those with just A-levels - £250,000 less than previously estimated - a report says.

"Economists at Swansea University said some subjects - such as the arts - could even mean losses, when fees and living costs are taken into account.

"The report, based on the British Labour Survey, blames the increase in student numbers for narrowing the earnings gap. . . "

"Research from the Organisation for Economic Co-operation and Development (OECD) has shown that the graduate earnings premium in the UK is high by international standards, and is lower than those in only five other countries: the Czech Republic, Hungary, Poland, Switzerland and the US."


Arse-licking. Brown-nosing. Back-scratching. And a bit of palm-greasing. That's what Toni is good for.


Beautifully written. Cap doffed.

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