Zemsky and Massey somehow managed to get an entire book out of this subject, but I think the summary, reposed here on the Digital Divide network website, covers the ground quite nicely. Of course, to get the most out of this you have to buy into the idea that the e-learning boom really did go bust - a proposition that, from my vantage point, is difficult to sustain. Oh sure, some venture capitalists lost some mnoney - but if you ever thought that was e-learning, then you are looking in the wrong place. Anyhow, the causes for the supposed bust: "there has yet to emerge a viable market for e-learning products... students do want to be connected, but principally to one another... most faculty still teach as they were taught." Well, sure: if you market the wrong product delivered the wrong way to people who want something else, sure, it's going to go bust.
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