Abstract This paper examines China’s ongoing revolution in higher education. On the bright side, Chinese higher education has enjoyed four decades of remarkable expansion, as measured by college enrollment, post-graduate training, research capacities and various global rankings. In 2007,...

Although it might have been expected that, by this point in time, the unacceptability of the marginal productivity theory of the return on capital would be universally agreed, that is evidently not the case. Popular textbooks still propound the dogma to the innocent. This note is presented in...