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Universities should be given the freedom to charge differential fees.
He is also surely right that the key to this new world is differential fees.
Ultimately, he would like to see councils paying differential fees according to assessed service quality.
Differential fees are already charged for part-time students, post-graduates and MBAs; so why the fuss?
Second, Scott's analogy of universities and colleges with supermarkets is to miss one of the key points and opportunities that differential fees presents: namely, the chance for all institutions to charge different amounts for their different courses.
It has been tested in Austria where they have tried to have differential fees, but this failed in the European courts," says professor David Bell from Stirling University, who has examined the financial impact of independence.
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He thinks this will soon have a knock-on effect on how the company pays its staff: "Salary differentials will have to shrink if we no longer have differential fee structures".
June to December 1992 when the attendance fee for emergency patients was increased to Singapore $28 and a differential fee for non-emergencies at Singapore $32 was introduced.
Malkiel correctly notes: "Actively managed funds of publicly traded securities have consistently underperformed index funds -- by roughly the differential in fees charged".
These differentials in fees reflect the autonomy of county-level authorities to manage the insurance system and provide inpatient and outpatient care facilities.
They disliked semi-independent foundation hospitals, differential university-tuition fees and freer trust schools for much the same reasons.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com