This link has been bookmarked by 1 people . It was first bookmarked on 23 May 2008, by Takuya Homma.
IMO, smart people can do whatever they like in whatever way they like and find whoever will pay for him, and as this type of person increases not in students but in employers, the hiring system now common may become obsolete.
Any one of these three systems could work well if all participants were well informed, rational, and of good will—so the fundamental issue is which system works best given the human condition, which includes ignorance, irrationality, and the lust for power.
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