Valuing Degrees

The universities' watchdog has warned of problems with degree grades, external examiners and the over-recruitment of overseas students.Peter Williams, chief executive of the Quality Assurance Agency (QAA), says the current degree classification system is "arbitrary and unreliable".

Not that the QAA is a disnterested party. So given that how would you choose to sort this out?

1. Let the market decide? Employers will soon very quickly figure out which universties are taking the piss

2. Let a bunch of politically motivated bureacrats come up with a system of examination that sorts the wheat from the chaff.