http://bathknightblog.com/wp-content/uploads/2011/07/telegraph-logo.jpgRemoving government price controls on university tuition fees won't help, says Gervas Huxley. Reputation trumps both economic cost and quality. The belief that students must pay for their own education has almost always been promoted in tandem with a second logically separate argument: the belief that higher education is a competitive market subject to government-enforced price controls. If these price controls are removed, the theory goes, Adam Smith's ‘invisible hand’ will work its magic: competition will in the long term reduce prices. Read more...