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These famous lines were of course written by a Hellenistic poet centuries after the death of the philosopher Heraclitus. Strangely I am beginning to get the same nostalgic feeling about Robert Lowe, the nineteenth century protagonist of payment by results. For Lowe's educational philosophy had one great virtue: it recognised that the schools could be either cheap or efficient, but that cheapness and efficiency (and for that matter high cost and inefficiency) could not walk hand in hand.

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