By Jonathan A Knee
In type Clowns, professor and funding banker Jonathan A. Knee dissects what drives traders’ efforts to enhance schooling and why they continuously fail. Knee takes readers within 4 remarkable monetary disasters in schooling: Rupert Murdoch’s billion-dollar attempt to reshape hassle-free schooling via know-how; the sorrowful investorsincluding hedge fund titan John Paulsonwho misplaced billions in textbook writer Houghton Mifflin; the abandonment of data Universe, Michael Milken’s twenty-year undertaking to revolutionize the worldwide schooling undefined; and the tale of Chris Whittle, founding father of EdisonLearning and a pioneer of large-scale transformational academic ventures, who maintains to draw funding regardless of many years of economic and operational disappointment.
Although deep trust within the healing powers of the industry drove those projects, it used to be the traders’ failure to understand marketplace constitution that doomed them. Knee asks: What makes a very good schooling enterprise? by means of contrasting infrequent successes, Knee unearths a dozen extensive classes on the middle of those cautionary case reviews. Class Clowns deals an immense consultant for public coverage makers and shield rails for destiny traders, in addition to an clever exposé for activists and academics pissed off with the repeated disappointments to shake up education.
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