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Economics, Competition and Academia - An Intellectual History of Sophism versus Virtue (Hardcover)
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Economics, Competition and Academia - An Intellectual History of Sophism versus Virtue (Hardcover)
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Donald Stabile places current concerns over the commercialization
of academia in a historical context by describing the long-standing
question of the extent to which market economics can and should be
applied to higher education. The debate between Plato and Aristotle
on one side and sophists on the other provides a foundation for the
modern debate of endowment versus tuition models. The author
tackles the intellectual discourse over the mission of higher
education and the effect markets and competition might have on it.
The discussion encompasses the ideas on higher education of leading
economic thinkers such as Adam Smith, Jeremy Benthan, John Stuart
Mill, Alfred Marshall, Thorstein Veblen and John K. Galbraith and
identifies them as supporters of either sophism or virtue.
Included, too, are the thoughts of educators and policymakers
influenced by free market ideas, such as Benjamin Rush, Francis
Wayland and Charles W. Eliot, as well as those opposed to them. In
addition, the author explores the development of collegiate
business schools in the US and how they were justified on the basis
of virtue. The book concludes with a section on for-profit colleges
and their relationship to sophism. This fascinating study of the
centuries-old intellectual debate over the mission of academia will
appeal to all those involved with higher education. Historians of
economic thought will find the influence of economic ideas on this
debate of great interest.
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