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Khan Academy

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Khan Academy is a website that hosts multiple educational YouTube video lectures on topics as varied as mathematics, history, economics, language, science and finance. It is hosted by Salman Khan, a former Wall Street trader who now operates the website full time as a 501© non-profit, thanks to generous donations from organizations like the Bill and Melinda Gates Foundation.

Khan Academy is revolutionizing education. I love this website. Khan’s uses of pictures, diagrams and video during his lectures (you never actually see him, just hear him) makes the course material much easier to remember. I posit that watching all the videos on his website (there are over 1,800 of them as of November 25, 2010) would make you more educated than the average college graduate. And the best part? It’s ALL FREE.

This is how the free market is supposed to work. This is how the free market WILL work if not to heavily regulated by the government. Entrepreneurs (whether in the for-profit, non-profit, or social business sector) see an unmet need and they come up with an innovative way to meet it. Could you imagine if the federal government intervened for “the public welfare” to shut down Khan Academy because it didn’t conform to the regulatory standards of other educational institutions? It would be a huge disservice to us all.

There is a huge unmet need for high quality and affordable education online, especially with traditional higher education costs outpacing inflation. Organizations like the University of Phoenix and Academic Earth are rising to meet this need; now you can add Khan Academy to that list.


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