Does More Information Really Solve Anything?
One of the great quests in higher education over the past two decades has been to make the sector more “transparent”. Higher education is a classic example of a “low-information” economy. Like medicine, consumers have very limited information about the quality of higher education providers, and so “poor performers” cannot easily be identified. If only there were some way to actually provide individuals with better information, higher education would come closer to the ideal of “perfect information” (a key part