Fred WIlson:

Last fall I wrote a post on this blog titled Hacking Education. In it, I outlined my thoughts on why the education system (broadly speaking) is failing our society and why hacking it seems like both an important and profitable endeavor.
Our firm, Union Square Ventures, has been digging deeply into the intersection of the web and the education business in search of disruptive bets we can make on this hacking education theme.
My partner Albert led an effort over the past few months to assemble a group of leading thinkers, educators, and entrepreneurs and today we got them all together and talked about hacking education for six hours.
The event has just ended and my head is buzzing with so many thoughts.
We will post the entire transcript of the event once the stenograpger gets it to us. That usually takes about a week. In the meantime you can see about ten or twenty pages of tweets that were generated both at the event and on the web by people who were following the conversation and joining in.
But here’s a quick summary of my big takeaways:
1) The student (and his/her parents) is increasingly going to take control of his/her education including choice of schools, teachers, classes, and even curriculum. That’s what the web does. It transfers control from institutions to individuals and its going to do that to education too.

The Economist recently published a piece on Frederick Taylor “The Father of Scientific Management”, whose work had a significant effect on our current education system.