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CAUT Bulletin Archives
1996-2016

November 2005

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

Sheila Slaughter & Gary Rhoades. Baltimore: The John Hopkins University Press, 2004; 384 pp; ISBN: 0-8018-7949-3, hardcover $39.95 us.
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. The authors 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.
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