Great article and we’ve all be the witness. New research findings and results aren’t even relevant enough to publish in the newspapers. Why are they funded then? It’s time we took a good hard look at higher education…all education and ask three questions is it relevant, responsible and reasonable?
Renowned Harvard professor and business guru Clayton Christensen (the subject of this earlier post) gave an interview to The Economist following a recent lecture at Oxford. The Economist article can be found here. Below are some excerpts concerning Christensen’s take on higher ed and, in particular, the high cost of an undergraduate education as well as the precarious financial position of many colleges:
Historically there has never been competition [among colleges and universities] on the basis of price. Colleges would compete by adding professors, enhancing programmes or building nicer facilities. So they competed by making institutions better. This initiates retribution [from other colleges] which make things better and better. And every step adds cost. So the cost of higher education has increased faster than healthcare. And there just isn’t any more space in the budget to do this. So this year you are seeing, in a fixed cost…
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