Students invest in universities, so pay them a dividend

By Frances Tsakonas. The university model has been stuck in limbo for centuries. Little has changed in terms of the university framework since the first university in the Western world, the University of Bologna, opened its doors in 1088, let alone the first continuously-operating degree-granting universities of Al-Karaouine in Morocco (859 AD), Al-Azhar in Egypt (970-972 AD) and Nizamiyya in Iraq (1065). More...