"Actually, there isn't one, there are three choices that anyone offering higher education
is going to have to make.
Should this be scarce or abundant?
MIT and Stanford are starting to make classes available for free online. The marginal
cost of this is pretty close to zero, so it's easy for them to share. Abundant education is
easy to access and offers motivated individuals a chance to learn.
Scarcity comes from things like accreditation, admissions policies or small classrooms.
Should this be free or expensive?
Wikipedia offers the world's fact base to everyone, for free. So it spreads.
On the other hand, some bar review courses are so expensive the websites don't
even have the guts to list the price."
is going to have to make.
Should this be scarce or abundant?
MIT and Stanford are starting to make classes available for free online. The marginal
cost of this is pretty close to zero, so it's easy for them to share. Abundant education is
easy to access and offers motivated individuals a chance to learn.
Scarcity comes from things like accreditation, admissions policies or small classrooms.
Should this be free or expensive?
Wikipedia offers the world's fact base to everyone, for free. So it spreads.
On the other hand, some bar review courses are so expensive the websites don't
even have the guts to list the price."
