Exponential Education
Investing in education is the rage. Given that there is a really big problem globally - of educational access as well as educational relevance - investing to create solutions that can scale is naturally attractive. At the same time, however, education does not scale very well, given the regulation, cultural barriers and deeply held conservatism that come with it. The current models of education, the ideal of personalised instruction, models of exclusive privilege, the idea of deep thinking away from the humdrum of daily life, the connotation of cultural development as a slow process, are all anti-scale. In fact, many people will privately deride any goals of scaling education, the idea that education is only for a privileged few is so entrenched. The investors in new educational models put their faith on technology. Technology can help scale the classroom and beat the cost disease of education, as conceptualised by economists William Baumol and William Bowen. The point is to r...