4 ms·
You're comparing the courses you're offering to a Lamborghini? Cool, but I don't see why I should place as much value in your product. In fact, you might simply
by bmer 8y ago
You're comparing the courses you're offering to a Lamborghini? Cool, but I don't see why I should place as much value in your product. In fact, you might simply be going for a Veblen goods effect, just like the Lamborghini.
That's only one part of the problem in your essay.
The other part is that it assumes that:
1) every student in the world is in the US and
2) every student in the world is poor entirely because of university fees.
Frankly, whenever someone wants to shell out money for an online course, I caution them. There are tons of free resources out there, some legal, and some not, but all provide quality education.
- perl4ever 8y agoIt occurred to me (unfortunately long after I had obtained my formal education) that education could be kind of an inversion of a Veblen good - it's more valuable, and should be viewed as more valuable, the less you pay for it (in money anyway). The willingness of people to educate you for free or cheap is perhaps the most salient signal of your talent. Maybe the widespread problems people have in choosing how and where to study can be characterized as mistaking education for a Veblen good.
- kadavy 8y agoLots I could address here, but I'll start with this: Where is the part where I'm comparing my courses to a Lamborghini?
- ksk 8y agoI don't think hes comparing his courses to a Lamborghini. Hes just using an example of a product that people think is overvalued and yet nobody expects discounts on. >Frankly, whenever someone wants to shell out money for an online course, I caution them. There are tons of free resources out there, some legal, and some not, but all provide quality education. You might be correct in cautioning them but, the real problem is that the tons of good free resources are intermingled with tons of crappy free resources. A student of the subject will never be able to discern between the two without extensive study or external guidance.