Chapter 5

1. The dialogue that follows about determining the value of human capital is adapted from Turner and Jackson-Cox (2002), pp. 101–111.

2. In all cases, no distinction is made between the qualities of graduands. While some will always be better than others, the granting of an award assumes a certain level of knowledge common to all.

3. There is plenty of evidence of this with, perhaps, the most recent significant example being the alliance between Emirates and Qantas that will take effect in April 2013.