http://econlog.econlib.org/archives/2012/01/the_education_r.html
He concludes this bog post - I see the potential for a dramatic reduction in the labor intensity of teaching. I think we are at a point in education that reminds of what the Web felt like in 1994. A lot of excitement is coming, and change will sweep through faster than most people expect. Traditional colleges seem poised to be the Borders Books of the next round of technological change.
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