Pub. Date:
Johns Hopkins University Press
Academic Capitalism and the New Economy: Markets, State, and Higher Education

Academic Capitalism and the New Economy: Markets, State, and Higher Education

by Sheila Slaughter, Gary RhoadesSheila Slaughter


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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 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.

Product Details

ISBN-13: 9780801892332
Publisher: Johns Hopkins University Press
Publication date: 06/01/2009
Edition description: New Edition
Pages: 384
Product dimensions: 5.60(w) x 8.60(h) x 1.10(d)
Age Range: 18 Years

About the Author

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. 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.

Table of Contents

List of Figures and Tables
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

What People are Saying About This

Irwin Feller

An important and much needed critical perspective.

— Journal of Higher Education
Irwin Feller, Professor Emeritus, Economics, Pennsylvania State University

Robert Rhoads

In the field of higher education and studies of colleges and universities, which are so dominated by stale and antiquated atheoretical arguments, this is the most innovative and important book to come along in years.

Robert Rhoads, UCLA

Customer Reviews