ArnoldKlingOnNetworkEffectsInAcademia

Context : AcademiaVsNewMedia

ArnoldKling has an amusing dig at the kind of liberal / humanities academic curriculum he disaproves of

The defective curriculum is protected, however, by strong barriers to entry. The nation's top-tier colleges benefit from network and lock-in effects. No single Ivy League undergraduate has the incentive to attend a start-up college, unless a large number do so simultaneously. In many industries in our economy, a fresh new player with a bright idea can make inroads into the market. The academy is highly insulated from that sort of competition.

• http://www.techcentralstation.com/022704C.html

See also :

• ArnoldKlingOnMovingToTheRightOutsideAcademia