Wednesday, February 16, 2011

Sienfeld Economics

Here's a site that uses clips from the popular sitcom Sienfeld to make points about barriers to entry and monopoly power.

The barrier to entry for education is you need a license.  I don't necessarily agree that a license makes a better teacher.  Now with Google and iTunes U anyone can teach.  Teachers should expect to see some of the monopoly power deteriorate.

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