"Higher education--long and overwhelmingly seen outside the US as an intrinsically public sector function with limited private presence--has become a firmly dual-sector reality globally. Indeed, a third of the world's now more than 200 million higher education enrollments are in private...

The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...

The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently, and that ability lies behind the magical...