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Books > Social sciences > Sociology, social studies > Social institutions > Work & labour
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Academic Capitalism - Universities in the Global Struggle for Excellence (Hardcover, New)
Loot Price: R4,626
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Academic Capitalism - Universities in the Global Struggle for Excellence (Hardcover, New)
Series: Routledge Advances in Sociology
Expected to ship within 12 - 19 working days
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This book investigates the intensifying struggle for excellence
between universities in a globalized academic field. The rise of
the entrepreneurial university and academic capitalism are
superimposing themselves on the competition of scientists for
progress of knowledge and recognition by the scientific community.
The result is a sharpening institutional stratification of the
field. This stratification is produced and continuously reproduced
by the intensified struggle for funds with the shrinking of block
grants and the growing significance of competitive funding, as well
as the increasing impact of international and national rankings on
academic research and teaching. The increased allocation of funds
on the basis of performance leads to overinvestment of resources at
the small top and underinvestment for the broad mass of
universities in the middle and lower ranks. There is a curvilinear
inverted u-shaped relationship of investments and returns in terms
of knowledge production. Paradoxically, the intrusion of the
economic logic and measures of managerial controlling into the
academic field imply increasing inefficiency in the allocation of
resources to universities. The top institutions suffer from
overinvestment, the rank-and-file institutions from
underinvestment. The economic inefficiency is accompanied by a
shrinking potential for renewal and open knowledge evolution.
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