It would provide greater security of tenure for the NI justice minister, and improve the administration of elections in NI, following recommendations made by the NI Electoral Commission.

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The most influential work about the new slums, Peruvian economist Hernando de Soto's The Mystery of Capital, published in 2000, takes the ownership side of the debate, underscoring the limits of security of tenure.

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Where heavy physical investments are foreseen, the concessionaires demand that the agreement with the host government include types of guarantee and levels of tenure security that are very similar to those associated with freehold rights, at least for the duration of the concession.

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Now you live in poverty without any job security, without tenure, and with the threat of test-scores looming above you.

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Another alternative, an idea similar to that proposed by my colleague Richard Vedder in his book Going Broke by Degree, would be to offer tenure (or enhanced job security) as one of a number of compensation options for which individual faculty choose from a menu of compensation items, including salary, health and life insurance plans, retirement contributions, and time off, etc.

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