Let colleges fail: How creative destruction can save higher education

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Let colleges fail: How creative destruction can save higher education

The National Center for Education Statistics reports that 99 postsecondary schools shut down this past academic year, roughly two per week. What the great economist Joseph Schumpeter called “creative destruction” is finally coming to higher education.  Creative destruction was critical to the United States becoming the largest economy on Earth. Companies failing to adjust to... The post Let colleges fail: How creative destruction can save higher…