Is Education the Next Industry That Will Be Killed by the Internet?

Tim Worstall:

I’d say that it probably will be, yes, and I’ve been saying so for some time. Think about it for a moment, we still use the educational techniques of the Early Middle Ages.
I first saw this point at Brad DeLong’s place. When books are hand written, extremely expensive (as in, more than a year’s wages possibly) then it makes sense for students to gather in one place and listen to the book being read to them.
Thus what we call a lecture. However, once printing has made the book cheap there’s really not all that much point to such a gathering. Classes, OK, that’s different, they’re more interactive. And yes, of course, there’s more to college than just the lectures and the education.