Academic Capitalism in the New University
ranging from the production of knowl edge created by faculty to the faculty's curriculum and instruction" (Rhoades and Slaughter, "Academic Capitalism" 37) As the boundaries between univer sity and market become increasingly permeable, universities act more and more like profit seeking organizations in a knowledge market. Thus, to bend Rhoades and Slaughter a bit further, academic capitalism, while driven by the demands to generate revenue, also describes the increasing authority of market like practices, roles, and ideolo gies within the academy. This is of course a particular incarnation of the more general dynamic of neo liberal ization. Like other instances, academic capi talism depends first on a material and ideological restructuring of the "pub lie" and the "private." Indeed, over the past decade, federal and state politi cians have essentially rewritten the his toric compact forged between the pub lic, higher education, and the state. Last year, for instance, state appropria tions for higher education declined by 2 These decreases in direct state support to public higher education were even greater for the nations "megastates," states which account for the bulk of higher ed enrollments. Last I