Month: July 2009

Free Education

The marginal cost of education is being driven toward 0 due to social media and innovative approaches to online learning like OpenCourseWare, Flat World Knowledge, and the University of the People. That’s because the nature of information is such that it can be created once at cost and distributed and consumed over and over again for free. “Knowledge is, as the economists say, a non-rival good. If I eat an apple, you cannot also eat that same apple; but if I learn something, there is no reason you cannot also learn that thing. Information goods lend themselves to being created, distributed and consumed on the web. It is not so different from music, or classified advertising, or news.” So in the future, the cost of education might be free, or nearly free, which could just level the playing field.

also, no more need for second or third rate teachers.