Stably wasteful: Why new tech won’t gut higher education

posted by
October 25, 2011
EconLog
by Bryan Caplan  
Posted in Commentary

"If the human capital model of education were true, educators should be worried. Modern information technology makes it possible to teach skills for a fraction of the traditional cost. If imparting skills were the main function of schooling, higher education will soon, as Arnold suggests, go the way of Borders. Unfortunately for the world, but fortunately for me, the human capital model is greatly overrated." (10/24/11)

http://econlog.econlib.org/archives/2011/10/stably_wasteful.html  

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