Harvard therefore has no incentive to make them cheaper, nor to produce more of them: that would make them less precious.This helps explain why America's universities are failing to deliver equity.
If access is grossly unequal, as it has been for most of the last 10,000 years, then relying on market forces to deliver equity - or to reduce poverty - is at best naïve, at worst dishonest.
Their experi ences of bureaucracies making decisions for them, of telling them what is best for them, has not delivered equity.
More in-depth clinical data, which would not be found in routine administrative dataset may be needed to work out whether these differences are delivering equity or not.
"Chapter 11 clearly should not be a vehicle to deliver reorganized equity to the lenders that caused the debtors' demise," lawyers for Law Debenture wrote in the filing.
According to Jeremy Siegel, an economist at Wharton, to deliver an equity premium of seven points (above the returns on Treasury bonds) without further increases in price-earnings ratios, real per-share corporate earnings would have to grow by about 9% a year more than five times as fast as the average since 1871 and double the growth rate since the second world war.
They set out goals to eradicate poverty, attain food security from sustainable agriculture for all people, provide education and basic health care for all, deliver gender equity and transparent governance, and good economic development, within the planetary boundaries of a stable climate system, healthy oceans, sufficient freshwater, and the protection of all biodiversity.
"Historically, Walton had delivered on equity multiple," says Rob Kochis, of Townsend, who recommended that Chicago Teachers sign on again with Bluhm.
Except in the vaguest terms of delivering health equity and delivering health gains, we do not really know what the final goals of a health system ought to be; and in all likelihood it will be different in different places.
"The banks were living in a world of shareholder value, where they were under pressure to deliver returns on equity of 15 to 20%.
CEOs are highly motivated to deliver for private equity.
