Worth a read:
https://medium.com/conversations-with-tyler/tyler-cowen-larr...In particular:
"SUMMERS: Not enough people are innovating enough in higher education. The place to start is, General Electric looks nothing like it looked in 1975. Harvard, Yale, Princeton, or Stanford look a lot like they looked in 1975. They’re about the same size to within a factor of two, they’re about the same number of buildings, they operate on about the same calendar, they have many of the same people or some number of the same people in significant positions.
The main thing to say is that, for something that’s all about ideas and for something that’s all about young people, the pace of innovation in higher education is stunningly slow. We’re still on a system where the break is in the summer. The reason we’re on that system is that when everybody went to pick the plants, that was the natural way to organize school, and it’s still going that way.
The potential action in higher education is probably heavily through distance learning and artificial intelligence in learning technologies of various kinds because, if you think about it, the unique capacity that online education has is that, on the one hand, they’re huge economies of scale. Once the lecture’s filmed, 100,000 people can watch it at the same cost as 100 people watching it."
Not a favorable trend for the subjects of this article.