It might range from production of knowledge that has been prepared by the teachers to the teachers’ curriculum as well as instruction (Rhoades & Sluaghter, n.d.). Hereby, the main objective of the paper is to understand the meaning of the term ‘academic capitalism’, theories related to academic capitalism, history of academic capitalism and its impact upon the teachers, students as well as the general US people.
What is Academic Capitalism?
Academic capitalism can be comprehended as the contribution of both college as well as faculties in ‘market-like behaviours’ which has gradually become one of the main characteristics of higher education in the United States. In the current day context, it has often been observed that colleges as well as universities, especially in the public sector, have not been capable of gaining adequate support from the side of the government. It is because of this reason that public colleges and universities are trying to prepare their targeted market and sell numerous products in the private sector as one of the main source of income with the motive of increasing the profit margin. In the present times, the higher-educational institutions such as colleges and universities are observed to be intended towards earning revenues by means of their core educational, research as well as service functions. ...Show more