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.

"Perhaps the best book for understanding the commercialization and commodification within higher education is Slaughter and Rhoades's Academic Capitalism and the New Economy . . . It tracks the deep and pervasive changes in policy and practice that have created new social network and organizational structures, vastly changing the function and role of higher education to serve corporate interests . . . and covers a variety of topics including expansion of patenting and patent policies, copyright policies, ownership of courseware and teaching materials, entrepreneurial activities by departments, corporate connections of university trustees, and advertising and branding contracts."--Journal of Higher Education

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

"Provides a densely detailed and chilling description of the current 'state' of the university in the United States."--Topia: Canadian Journal of Cultural Studies

"All students of the educational arrangements in the new economy will find themselves in debt to the authors for their far-reaching theory of academic capitalism, for the wide variety of studies they offer to confirm it, and for the standard they set and the model they provide for subsequent work."--Teachers College Record

"This carefully argued and documented book fosters critical understanding of, if not the possibilities for 'regime change, ' the implications of our actions."--Review of Higher Education

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.