An interesting fact:
"In the last years of the nineteenth century, Charles Dow created an index of 12 leading industrial companies. Almost none of them exist today….[…]… Four years after Dow invented his average, a group of 14 leading research institutions created the Association of American Universities. All of them exist today." (fromThe Higher Education Monopoly is Crumbling As We Speak)
The article goes on to talk about where Higher Ed's staying power has come from:
"I think that rule is going to change, and soon. Many factors explain the endurance of higher education institutions—the ascent of the knowledge economy, their crucial role in upper-middle class acculturation, our peculiar national enthusiasm for college sports—but the single greatest asset held by traditional colleges and universities is their exclusive franchise for the production and sale of higher education credentials. (fromThe Higher Education Monopoly is Crumbling As We Speak)
The question arises: how long will those credentials continue to be worth so much money? Every day we read in the paper about a new educational entrepreneur (yours truly included) who wants to offer valuable and relevant educational opportunities outside the University walls, to bring it to a wider and underserved cohort, and for a more realistic cost.
I love teaching at Brandeis University and hope to continue doing it for a long while to come. At the same time I believe there is a major unmet demand from Computer Science students and career changers for a super intense introduction to what I like to call Applied Computer Science, with a strong focus on doing and building products. I feel that what we are trying to achieve is a clear part of the trends covered in The Higher Education Monopoly is Crumbling As We Speak)