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How Web-Savvy Edupunks Are Transforming American Higher Education
Is a college education really like a string quartet? Back in 1966, that was the assertion of economists William Bowen, later president of Princeton, and William Baumol. In a seminal study, Bowen and Baumol used the analogy to show why universities can't easily improve efficiency. Suddenly, it is possible to imagine a new model of education using online resources to serve more students, more cheaply than ever before. Anya Kamenetz, Fast Company Magazine, August 12, 2009

 
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