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At Issue } essential reading

How Web-Savvy Edupunks Are Transforming American Higher Education

Anya Kamenetz
Monday, August 10, 2009

Is a college education really like a string quartet? Back in 1966, that was the assertion of economists William Bowen, later president of Princeton, and William Baumol. In a seminal study, Bowen and Baumol used the analogy to show why universities can't easily improve efficiency.

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