Economics of the Ed Tech Revolution

What is it about?

The article identifies changes in the world of education that are driven by technology changes and helps people think about the consequences of those education changes over time.

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Why is it important?

------------------------------------------------------- Contribution to Academic Scholarship ------------------------------------------------------- It clarifies the conditions under which education technology change is likely to be disruptive and provides eight innovations that fit these conditions. It also clarifies that education is morphing from a "non-durable information good" to a durable one, with attendant effects on the relevant economics (e.g., gives rise to network effects). ------------------------------------------------------- Contribution to Management Practice ------------------------------------------------------- The eight innovations addressed in the article will stimulate the imagination of practitioners who may have heard of some of them, but may not have thought through the consequences in terms of disruption. ------------------------------ Personal Perspective ------------------------------ Richard Lyons: "I am drawn to this topic as an educator myself, and as the dean of a leading business school. For me, making sense of which changes in education technology are likely to have a big influence over time is critical to planning which investments in this area we will make, and which we will pass on."