Why on earth should good geography favour good institutions?
Defensive stocks continued to be out of favour as institutions cashed in their liquid holdings so they could stump up cash for the growing number of rights issues being announced.
Unlike Singapore and China, the Indian government does not want to appear to favour foreign institutions by providing public money or large land grants.
This led many to favour private institutions or home delivery rather than government facilities.
Furthermore, the bibliometric indices currently used appear to be related to the size of research output and thus they probably tend to favour large institutions.
The fact that the proportion of PhDs is inversely correlated to the size of the researcher workforce may suggest that PhDs favour smaller institutions, possibly offering better pay and entrepreneurial opportunities.
Still, the view favouring decentralized institutions, industrial self-governance, and free enterprise has kept industrial relations focused at the level of the firm.
Aspiring students have quickly learned to play this to their advantage, favouring those institutions prepared to offer the best deal for their custom.
"Rather than engage with working taxpayers willing to invest in our economy, the government has favoured city institutions," said Ian Gorham, chief executive of Hargreaves Lansdown.
As an instrument for the creation, preservation, and transmission of secular and religious traditions, monasticism played an important role in society, especially in those cultures that favoured cenobite institutions.
