Chapter

Academic Science as an Economic Engine

Elizabeth Popp Berman

in Creating the Market University

Published by Princeton University Press

Published in print January 2012 | ISBN: 9780691147086
Published online October 2017 | e-ISBN: 9781400840472
Academic Science as an Economic Engine

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This chapter begins by briefly setting out the book's purpose, which is to address the question of how and why universities, that once self-consciously held themselves apart from the economic world, began to integrate themselves into it. It identifies two reasons why academic science moved toward the market. The first is that it was government that encouraged universities to treat academic science as an economically valuable product. The second is that the spread of a new idea, that scientific and technological innovation serve as engines of economic growth, was critical to this process, transforming first the policy arena and eventually universities' own understanding of their mission. The remainder of the chapter discusses the changing nature of academic science, studying the changes in academic science, and the rise of market logic in academic science. An overview of the subsequent chapters is also presented.

Keywords: American universities; economics; academic science; economic growth; market logic

Chapter.  8178 words.  Illustrated.

Subjects: Higher and Further Education

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