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Academic Capitalism and the New Economy

Markets, State, and Higher Education

Sheila Slaughter and Gary Rhoades

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As colleges and universities become more entrepreneurial in a post-industrial economy, they focus on knowledge less as a public good than as a commodity to be capitalized on in profit-oriented activities. In Academic Capitalism and the New Economy, higher education scholars Sheila Slaughter and Gary Rhoades detail the aggressive engagement of U.S. higher education institutions in the knowledge-based economy and analyze the efforts of colleges and universities to develop, market, and sell research products, educational services, and consumer goods in the private marketplace.

Slaughter and…

As colleges and universities become more entrepreneurial in a post-industrial economy, they focus on knowledge less as a public good than as a commodity to be capitalized on in profit-oriented activities. In Academic Capitalism and the New Economy, higher education scholars Sheila Slaughter and Gary Rhoades detail the aggressive engagement of U.S. higher education institutions in the knowledge-based economy and analyze the efforts of colleges and universities to develop, market, and sell research products, educational services, and consumer goods in the private marketplace.

Slaughter and Rhoades track changes in policy and practice, revealing new social networks and circuits of knowledge creation and dissemination, as well as new organizational structures and expanded managerial capacity to link higher education institutions and markets. They depict an ascendant academic capitalist knowledge/learning regime expressed in faculty work, departmental activity, and administrative behavior. Clarifying the regime's internal contradictions, they note the public subsidies embedded in new revenue streams and the shift in emphasis from serving student customers to leveraging resources from them.

Defining the terms of academic capitalism in the new economy, this groundbreaking study offers essential insights into the trajectory of American higher education.

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Academic Capitalism and the New Economy

Sheila Slaughter and Gary Rhoades

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Reviews

Reviews

Painstakingly researched... Sheila Slaughter and Gary Rhoades warn of increasingly blurred boundaries among higher education, the state and the world of commerce.

The writers have made careers out of studying the issues they write about. They certainly have done their homework.

Slaughter and Rhoades offer the most coherent account of how the academy is mired in commercialism.

Unlike other recent popular works,... this one is not critical or afraid of intersections of higher education and the world of corporate sponsorships; the authors just want to help universities exploit these new opportunities for fun and profit.

Provides a densely detailed and chilling description of the current 'state' of the university in the United States.

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About

Book Details

Publication Date
Status
Available
Trim Size
6
x
9
Pages
384
ISBN
9780801892332
Illustration Description
5 line drawings
Table of Contents

List of Figures and Tables
Acknowledgments
1. The Theory of Academic Capitalism
2. The Policy Climate for Academic Capitalism
3. Patent Policies: Legislative Change and Commercial Expansion
4. Patent

List of Figures and Tables
Acknowledgments
1. The Theory of Academic Capitalism
2. The Policy Climate for Academic Capitalism
3. Patent Policies: Legislative Change and Commercial Expansion
4. Patent Policies Play Out: Student and Faculty Life
5. Copyright: Institutional Policies and Practices
6. Copyrights Play Out: Commodifying the Core Academic Function
7. Academic Capitalism at the Department Level
8. Administrative Academic Capitalism
9. Networks of Power: Boards of Trustees and Presidents
10. Sports 'R' Us: Contracts, Trademarks, and Logos
11. Undergraduate Students and Educational Markets
12. The Academic Capitalist Knowledge/Learning Regime
References
Index

Author Bios
Featured Contributor

Sheila Slaughter

Sheila Slaughter is a professor of higher education at the University of Georgia and coauthor, with Larry L. Leslie, of Academic Capitalism: Politics, Policies, and the Entrepreneurial University, also published by Johns Hopkins.
Featured Contributor

Gary Rhoades

Gary Rhoades is director of the Center for the Study of Higher Education at the University of Arizona and general secretary of the American Association of University Professors.