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Knowledge and Money - Research Universities and the Paradox of the Marketplace (Paperback, New)
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Knowledge and Money - Research Universities and the Paradox of the Marketplace (Paperback, New)
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Market forces have profoundly affected the contemporary research
university's fundamental tasks of creating and disseminating
knowledge. They arguably have provided American universities access
to greater wealth, better students, and stronger links with the
economy. Yet they also have exaggerated inequalities, diminished
the university's control over its own activities, and weakened the
university's mission of serving the public. Incorporating twenty
years of research and new data covering 99 research universities,
Knowledge and Money explains this paradox by assessing how market
forces have affected universities in four key spheres of activity:
finance, undergraduate education, primary research, and
participation in regional and national economic development. The
book begins by chronicling how universities have enlarged revenues
by optimizing tuitions, and how they have managed these funds. It
reveals why competition for the best students through selective
undergraduate admissions has led to increased student consumerism
and weakened university control over learning. The book also
explains why research has become an increasingly autonomous
activity within the university, expanding faster than class
instruction or faculty resources. Finally, it shows how the linkage
of research to economic development has engendered closer ties with
industry and encouraged the commercialization of knowledge.
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