The free lectures are what's known in the biz world as "loss leaders," and, as 
the wizard of Oz tells us, it's not how much you know; it's not how smart you 
are; it's the diploma and the accreditation. 

But I grant that one can access some good stuff on the internet that's made 
available by the elite unis. 

Joanna 

----- Original Message -----
On Thu, Jun 21, 2012 at 1:54 PM, <[email protected]> wrote: 
> This is bullshit and they know it. 
> 
> An "elite" eduction is a scarce good. Otherwise, it's not "elite." 
> 
> It's not about what you learn; it's about who is sitting next to you in 
> class and who his parents are. 
> 
> At the point where millions of students can get an elite degree by way of 
> the internet, the elite degree will be worthless. 



All of this is true, but beneath all this hype there is some substance 
which I think really is interesting and potentially revolutionary. The 
Harvard/MIT EdX initiative really is exciting. Already the open 
courseware initiatives of various institutions have created a treasure 
trove of very high quality educational content, which really has the 
potential to benefit the whole world. 

I personally have enormously enjoyed various UC Berkeley lectures 
especially a couple of exceptional classes on the History of Physics 
by historian Cathryn Carson and Natural Resources and Population by 
geographer Nathan Sayre: 
http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=354823453 


There will always be elite institutions and elite degrees of course, 
but these institutions are doing a very, very good thing with their 
online efforts. 

We can only hope that some idiot Goldman Sachs partner does not ruin 
it all with some hare-brained "business plan". 
-raghu. 
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