Few will argue about America’s colleges and universities being critical to our economic and intellectual future. And by many measures, that future looks promising: Competition for places in the country’s top schools is fiercer than ever, more families are willing to pay higher tuition, and employers are putting a greater premium on a college degree.

But Don Tapscott, co-author of Macrowikinomics: Rebooting Business And The World, argues that universities are woefully behind the times.