Academic Capitalism and the New Economy. Markets, State, and by Sheila Slaughter

By Sheila Slaughter

As schools and universities develop into extra entrepreneurial in a post-industrial economic climate, they specialize in wisdom much less as a public sturdy than as a commodity to be capitalized on in profit-oriented actions. In Academic Capitalism and the recent Economy, better schooling students Sheila Slaughter and Gary Rhoades aspect the competitive engagement of U.S. larger schooling associations within the knowledge-based economic climate and study the efforts of faculties and universities to boost, industry, and promote examine items, academic companies, and buyer items within the inner most marketplace.

Slaughter and Rhoades music alterations in coverage and perform, revealing new social networks and circuits of information production and dissemination, in addition to new organizational constructions and accelerated managerial skill to hyperlink larger schooling associations and markets. They depict an ascendant educational capitalist knowledge/learning regime expressed in school paintings, departmental task, and...

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2 For the most part, this literature deals with undergraduate education. At the same time, a literature developed around the research function and research universities that saw higher education as undergoing a great deal of change. For example, Etzkowitz, Webster, and Healey (1998, p. ” However, the scholarly work that deals with research focuses mainly on patents and various forms of university-industry-government partnerships. It does not address college and university commodification and commercialization of a wide range of copyrightable educational products and services, often directed toward undergraduates or niche graduate student markets.

When the literature does look beyond “the” organization (Gibbons et al. 1994; Council on Competitiveness 1996; Stokes 1997; Branscomb 1997a, 1997b; Feldman et al. 2002a), it focuses on how universities interact with corporations and, less frequently, state agencies. However, this literature still sees universities, corporations, and the state as having relatively clear boundaries, and for the most part does not look at networks. ) Even Etzkowitz, Webster, and Healey (1998), who offer a biological “triple helix” model in which the strands are the entwined relations of university-industry-government, still treat the strands as separate and distinct, although they foreground universities and industry and background the state.

The global nature of the new economy disperses manufacturing around the world. Transnational corporations with headquarters in the United States or the European Union have moved many manufacturing plants to nations with lower labor costs. Simultaneously, countries such as Japan, Korea, and segments of countries such as China and Mexico have developed their own manufacturing capacity for products such as appliances, automobiles, and computers. The success of competitor countries has turned the United States toward high technology products and services, where it has a global advantage, at least in part because of its research universities.

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