"Since the advance of the Internet professors don't have access to more information than their students. There are still privileges (like being able to take books with you from the library that students are not allowed to lend), but generally students have access to extremely powerful tools to find information to a certain topic: few well targeted keywords are enough these days to find whatever you are looking for. And creates one fundamental insight: There are many things one can imagine that are not on the web, but there is more on the web than anyone can imagine."
From: Weblogs as a transformational technology for higher education and academic research
Blogtalk Conference Paper, Vienna, May 23rd-24th 2003
by Oliver Wrede
So, with the advent of blogs and RSS feeds, is the classroom becoming more of the market type (swapping, discussing and enriching information) than the traditional (bird feeding) hierarchy type: From hierarchies to markets as University of California at Berkeley Professor Oliver Williamson would put it?
PS: Williamson wrote interesting stuff on why (historically) firms (namely hierarchies) emerged as a substitute to pure market driven transactions.