As far as its impact on education, I personally believe that the web's biggest impact will be on old-fashioned economics concept of supply and demand. Even as it stands now, we could have enrolled at countless universities online for our degrees; whereas there are no universities offering this program within driving distance of where I live. The internet has increased supply tremendously. With increased supply, there is a need for companies to be more comptetitive, lowering the expenses for us consumers. Also, this means that universities in particular need to be more "in touch" with the desires and needs of students to keep themselves competitive.
Does anyone else have insight on this topic they would like to share?
References:
Benkler, Y. (2006) The wealth of networks: How social production transforms markets and freedom. New Haven: Yale University Press.
Jahnke, J. (July 12, 2012) Matt Millen ripped for his take on Penn State report. Detroit Free Press. Retrieved from http://www.freep.com/article/20120712/SPORTS01/120712035/matt-millen-joe-paterno-espn-penn-state?odyssey=tab%7Ctopnews%7Ctext%7CFRONTPAGE
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