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Alex Tabarrok, an economics professor at George Mason University, suggests Apple start their own university (since they have more than $205 billion in cash) and revolutionize education in America and the world on the Marginal Revolution blog.

Tabarrok said Apple University could be a proving ground for educational technologies, which would then be sold to other universities. One wouldn’t have to lug around heavy textbooks as they can be downloaded on the iPad, which in turn would increase the demand of the iPads. Apple-designed courses built using online technologies like could become the leading form of education.

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“As a new university, Apple could experiment with new ways of organizing degrees and departments and certifying knowledge.” There are various sites like Coursera where you can sign up for online courses, they’re quietly bringing about change. We at The Ultimate Fundraiser think that Professor Tabarrok’s idea is plausible and great, what better way to revolutionize the world further than by developing a system and method of education that keeps up with the times. It’s going to take a long time for regular universities to get on this path, so Apple could lead the way. To read his blog, click here. And to read a previous Ultimate Fundraiser blog on the related topic of online courses, click here.

What are your thoughts about a full-fledged university that will revolutionize education?

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