In this interview Vernon Smith sees some significant challenges for higher education. " The funds for higher education are not going to be the same. They're literally in competition..." and moreover, "the profession itself — the underlying culture of higher education — is going to be held up and questioned." Technology won't solve these issues. "Digital information, literacy, and digital creation and content — these are critical things." On the other hand, "Technology's just a hammer. You have to have someone that knows what they're doing with it." But I'm not really on the side of "Let's not do this." If, for example, you passed on MOOCs, you missed some really important lessons about open education and massive services architecture. Even if you don't think it's for your institution, you need to have somebody looking at it and learning the lessons that need to be learned.
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