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August 26, 2006

Comments

Jeff James

Don,

You make a valid point when you that that standardized education is failing to capitalize on the ability of information to flow freely via the internet. In fact, not to be a pessimist, but in my view the educational system is so outmoded that it may be doing more harm than good. Reflecting on my very recent experiences in the State University of New York (SUNY) system I'd readily say that 80% of what I've learned was acheived by reading various texts, and following with the exercises on my own accord. Essentially it was repeition, there's no substitute for long hard thought about complex subject matter. Also, as a finance student the Financial Times taught me more about finance, economics and the world at large than any school ever could.

So the essence of what I'm trying to say here is that when you sum all the hours lost to commuting and awaiting the beginning of class, the lost productivity is tremendous. Assume 1 hr per day. Further assume a lecture hall of 200 students. 200 hours * 30 lectures = 6000 hours or 250 days spent on what could be avoided at least partially.

That's only one class however and in this era where global competition is heating up in the knowledge based, "service industries" we've got to better utilize our time and expedite the transfer of knowledge from people like yourself to people like myself.

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