By Richard Vedder Although difficult to measure, it is unlikely that higher education has had any productivity advance in the 50 years since I finished college. Economists like Princeton’s William Baumol have argued that rising college costs are inevitable, given inherent limitations on reducing the cost of disseminating knowledge -only so many people can fit […]
Read More
At a recent conference on higher education organized by the National Association of Scholars there were several references to Schumpeter’s famous expression “creative destruction”. It was argued that technology was fomenting a change in pedagogy and the delivery of knowledge. Presumably in an environment of tightening resources, the university as we known it will change […]
Read More