Book Description
As colleges and universities become more entrepreneurial in a post-industrial economy, they focus on knowledge less as a public good than as a commodity to be capitalized on in profit-oriented activities. In Academic Capitalism and the New Economy, higher education scholars Sheila Slaughter and Gary Rhoades detail the aggressive engagement of U.S. higher education institutions in the knowledge-based economy and analyze the efforts of colleges and universities to develop, market, and sell research products, educational services, and consumer goods in the private marketplace.
Slaughter and Rhoades track changes in policy and practice, revealing new social networks and circuits of knowledge creation and dissemination, as well as new organizational structures and expanded managerial capacity to link higher education institutions and markets. They depict an ascendant academic capitalist knowledge/learning regime expressed in faculty work, departmental activity, and administrative behavior. Clarifying the regime's internal contradictions, they note the public subsidies embedded in new revenue streams and the shift in emphasis from serving student customers to leveraging resources from them.
Defining the terms of academic capitalism in the new economy, this groundbreaking study offers essential insights into the trajectory of American higher education.
Customer Reviews:
Excellent study of higher education.......2006-09-02
This is a book that actually engages social theory in a very rigorous way while trying to explain general trends within American higher education. It is very, very good, starting with the fact that it avoids platitudes and simplified comments that one would find in short editorials.
Book Description
"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics."Boston Globe
A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers.
Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.
Customer Reviews:
Enjoyable history of the development of growth theory.......2007-10-05
David Warsh presents the economic problem of increasing returns in this history of economic theory from Adam Smith up to Paul Romer, which is to say the present day. The first half of the book is primarily a recap of the history of economics with a focus on the built-in problem of increasing returns. The problem being that growth and increasing returns were always the result of external factors rather than intrinsic to the economic model.
The emergence of growth theory, as propounded by Romer, has led to a "tectonic shift" in the conceptual foundations of economics, according to Warsh. This shift started almost a century ago and culminated in Romer's "Endogenous Technological Change" paper. The after-effects of the realization that land, labor, and capital can be rethought of as people, things, and ideas are still to be realized.
Warsh spends a bit of time in hero-worship of Romer, which I found somewhat dragging. However, the rest of the story, with its interplay of competing economic theories, not to mention competing economists, was well-described by the author. I didn't come away with a very deep understanding of the issues at play, but I did get broad exposure to those various issues. My curiousity is certainly piqued.
The book works well as a general interest reader for anyone wanting to get a handle on the most recent developments in economic theory. The book is very readable, though the lack of technical details (and a gut feeling that Warsh is sometimes glossing over things that he himself doesn't understand) makes it difficult to take the book 100% seriously.
Economic History at its Best.......2007-08-23
It is no secret: ideas motivate the world. They propel markets. As obvious as it seems today, it has not always been so.
It was not until 1980 when a 24 year-old graduate student, Paul Romer tackled the role of knowledge that the concept assumed it rightful role. It took him eight years to solve the puzzle. While the problem was clear, the tools to solve it were not.
David Warsh, an economic journalist, narrates this tale of economic discovery. Drawing vivid portraits of those pioneering economists who work advanced this idea, Warsh explores Adam Smith's paradox of falling costs. He explains the contributions of Smith, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter, Paul Krugman, Robert Solow, Kenneth Arrow, Robert Lucas and, of course, Romer.
His portraits draw a rich picture of how theoretical economics evolves. The personal struggle to clarify disparate vapors of ideas, luncheon meetings with colleagues for inspiration, the circulation of notes, preparation of papers, the struggle publish them in respected journals and attendance at conferences.
A skillful writer blessed with the ability to translate complex ideas into clear and concise prose, Warsh brings new insights and understanding to problems posed more than 200 years ago by Adam Smith.
More Economic History than Economic Thought.......2007-06-24
Warsh has authored a well written book with a compelling tale of the foundations of theory of economic growth. More than anything else, it is a story of Paul Romer and his groundbreaking ideas. Romer is a remarkably creative thinker on a search for an economic theory (aka model) to explain growth. The author starts us on Romer's odyssey first with a brief history back to Adam Smith. It is clear Romer stood on the shoulders of giants (Smith, Marshall, Arrow, et al) in formulating theories (models) for growth, recognizing the value of knowledge and technology.
The kernel of the story becomes a bit muddled at times as Warsh becomes more fascinated with the great economists than he is about great economic ideas. The book is not written with a clear exposition of the evolution of economic thinking. It is written toward explaining the history of events of how the evolution of the thinking occurred. As such, it can be a tough slog as we are introduced to one economist after another without sufficient explanation of each person's contribution of ideas and how it fits into the mosaic of 'the real economy' (my emphasis). Romer comes and goes throughout the chapters but he is the central subject.
Toward the end (chapter 25), the history of Microsoft is introduced as an example of the ultimate 'pin factory' (Adam Smith). At this point in the story, reading about MS feels artificial and disconnected. I would have left it out completely.
One interesting observation was leading economists make 'discoveries' through models, explaining through sophisticated mathematics what the average businessman already knows from observation and experience. I felt this throughout the book so was not surprised when the author recounted a story of Krugman testing a new learning from a model on a non-economist friend. The friend's response was the discovery was "obvious". This says something about the theoretical economist's need to connect with the real world as opposed to spending all their time with models. To be fair economists must work with models which are mathematically well behaved, similar to physicists and engineers working with linear equations which are tractable for solution. These models often require assumptions or simplification which leaves out important factors. (I do worry at the unreal assumptions in the models described since many of these same economists find their way to be Presidential advisors or Fed Governors.)
I am glad I read the book and learned about how the profession develops its thinking. I also wonder if the time was well spent.
Great Topic; Anecdotal Book.......2007-05-12
A good overview, particularly for non-technical readers. Too superficial, anecdotal, repetitive, and imprecise for readers who want to find out what the major economic models really are and how they compare with economic data. For such readers, Charles Jones's Introduction to Economic Growth is much better.
Disappointment.......2007-02-17
Most of the reviewers of this book apparently found it to be impressive. Sadly I did not.
Too little time is devoted to offering adequate clear explanations of the economic ideas and theories being addressed, too much time is devoted to irrelevant social asides. The non-economist reader seeking to understand the economics as opposed to learning a great amount of academic gossip and politics will probably be disappointed. I wanted to understand growth theory. I did not and do not care that the reason why Paul Romer left Chicago for the Bay Area was that his wife had a disagreement with her lab manager or that Paul Romer has developed software to teach economics. I found such digressions to be unnecessary and distracting.
To cite just two of the book's specific limitations:
(1) The book lacks referential footnotes and a bibliography. Readers not already familiar with the subject wishing to pursue a topic further will be at a loss.
(2) The book lacks a glossary. Throughout the book numerous technical terms are introduced and, at best, briefly described. It would have been nice to have all of these key terms explained in one place for easy reference.
Small efforts on the part of the author would have remedied both of these deficiencies.
Customer Reviews:
New Breakthrough in Dealing Essentialism of All Orders.......2000-03-12
Whenever We think anything, we are actually captive within the models of thought that we did not make but just learning to live with. These models are diehard ones. The empires break down, the universes bang and bang again, but cool and still remain the models of thought. Databases come and go, make place for new ones, but these models do not. We just cope with the new databases within the confines of the old models. And the area that is affected the most by these diehard thought-models is philosophy. Essentialism is, maybe, the clan-chief of all these models. And this book has attacked it with an unparllel ferocity. Not just the attacks, but this book has taught us how to live with and tame down essentialism to suit with the ever-changing universe. In one form or another essentialism goes on remaining. So, let us learn a way how to channelize it into thinking in a timely manner in this postmodern world -- this book has taught us.
Average customer rating:
- What's the impact of historical analysis on China today?
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China and Historical Capitalism: Genealogies of Sinological Knowledge (Studies in Modern Capitalism)
Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Paperback
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ASIN: 0521525918 |
Book Description
Until recently, capitalism has been regarded as unique to Europe and as an organic outgrowth of Western civilization. By examining China in these Eurocentric terms, China has been perceived, by Westerners and Asians alike, to be a failed version of the West. The aim of this collaborative project is to examine how the experience of capitalism as a European social formation, and as a world system, has shaped knowledge of China. In addition the volume seeks to establish new foundations on which a theory of Chinese society might be built.
Customer Reviews:
What's the impact of historical analysis on China today?.......2000-02-10
The book is a good read and highly recommended, but there is room to update us on technology's impact on culture and society in China today.
Why did the development of capitalism and technology fail in China? Does it matter? Has the West trumped the deck in favour of itself through selective interpretation of events? China and Historical Capitalism tells us it is more important to look beyond finding reasons in order to find out what actually happened in China after the fork in the road of economic development.
The essays are reflections of current thinking on the 'post-Needham' project by well established scholars using, if I can stretch the terminology, post-marxist analytical tools and language. Joseph Needham, and his lifetime work on Science and Civilisation in China, is, of course, the backdrop for the essays. The chronology of the essays begins with the development of European capitalism and is completed with the identification of a market economy in pre-modern China.
My favorite essay is that of Francesca Bray, "Towards a critical history of non-Western technology." Perhaps it is because I read her book, The Rice Economies of Asia (University of California Press, 1986). But it is also because she is probably one of the more qualified persons to bridge Needham's work with post-Needham work given that she produced Volume VI of Needham's series. Parts of her essay deal with basic definitions of technology, economy and capitalism. In essence it provides clear guideposts to reinterpret Needham's work by showing the development of technology beyond the cut-off period that signals the rise of the West. The following chapter, by R. Bin Wong, goes on to narrate the development of China's market economy, where Europe's economic development is the usual topic of study.
Having experienced the development of the internet over the last half decade, one can't help but look back at the exercises in this book as also partly misguided. The authors state at the beginning that they do not address current economic development in Asia, but instead focus on how capitalism "has been conceived as a European social formation" and how capitalism, "as a world system has shaped knowledge of China." Yet, so often, the assumptions that underlie their uses of terms such as 'capitalism' result in freezing time to suit their needs and to leave the West in a category of cultural and social development that built the world outside into an image of what it wanted to see. They do not to see capitalism and technology as systems that can develop beyond their experience to date. Neither do they consider current (or even recent) interaction between technological development and society in China. Certainly, it is another large topic. But a peak at the issues would help.
Ultimately, the reality they build comes with its own set of distortions. Perhaps its the nature of the beast, but it would be nice to leave the door open and say: "Hey, Needham, Weber and all the social scientists and thinkers pre-Foucault or Pre-Habermas, etc. just had a different set of problems than we have today. ... But we recognize that we are also missing part of the picture. ... and here is where we need to focus next."
(This is short version of the review that excludes chapter summaries)
Charles de Trenck is based in Hong Kong and published "Red Chips and the Globalisation of China's Enterprises" in 1997
Product Description
Beginning in the early 1840s, a group of German university professors denounced the abstract theories of classical economists, rejecting theoretical analysis in favor of a historical approach. They believed that theories only express what happens in a simplified world, not in the real world, and that they offer little solution to the pressing social problems of the underprivileged. Seeking to find a middle ground between laissez faire capitalism and the Marxist revolution, they pioneered welfare capitalism.
Great Economic Thinkers is a collection of audio presentations that explain, in understandable language, the major ideas of historys most important economists. Special emphasis is placed on each thinkers attitude toward capitalism, revealing their influence in todays debate on economic progress and prosperity.
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Building Knowledge Cultures: Education and Development in the Age of Knowledge Capitalism (Critical Education Policy and Politics)
A.C. (Tina) Besley
Manufacturer: Rowman & Littlefield Publishers, Inc.
ProductGroup: Book
Binding: Paperback
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ASIN: 0742517918 |
Book Description
The book discusses the notion of knowledge cultures in relation to claims for the new economy and the communicative turn, as well as cultural economy and the politics of postmodernity. It focuses on national policy constructions of the knowledge economy, fast knowledge and the role of the so-called new pedagogy and social learning under these conditions to argue for knowledge networks as development possibilities in educational policy futures.
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Alliance Capitalism and Corporate Management: Entrepreneurial Cooperation in Knowledge Based Economies (New Horizons in International Business)
Manufacturer: Edward Elgar Publishing
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Binding: Hardcover
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ASIN: 1840648392 |
Book Description
As national economies become more closely linked, the value of more active corporate and policy level cooperation is becoming increasingly recognized. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy.
The authors examine balances between the competitive and cooperative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate cooperation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy level activities in the USA and the EU, and between the USA and the EU. The potential advantages of strengthening cooperation are stressed with emphasis on imperatives being set by continuing technological advances.
Alliance Capitalism and Corporate Management will be required reading for all scholars and students of international management and international political economy, business leaders and corporate managers, and decision makers in the fields of industrial and competition policy.
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Capitalism, Socialism and Knowledge: The Economics of F.A. Hayek
Manufacturer: Edward Elgar Pub
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Binding: Hardcover
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Consuming Fictions: Gender, Class and Hunger in Dickens's Novels
Gail Turley Houston
Manufacturer: Southern Illinois University
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ASIN: 0809319535 |
Book Description
In this remarkable study, Gail Turley Houston examines the rich interplay of consumption as alimental process, medical entity, psychological construct, and economic practice in order to explore Charles Dickens’s fictional representations of Victorian culture as he presents it in his novels. Drawing from medical, historical, economic, psychoanalytic, and biographical materials from the Victorian period, Houston anchors her work in the belief that if class and gender are fictional constructions, real people’s lives are affected in complex and coercive ways by such constructions.
Proceeding chronologically, Houston traces particular patterns throughout ten of Dickens’s major novels: The Pickwick Papers, Oliver Twist, The Old Curiosity Shop, Martin Chuzzlewit, Dombey and Son, David Copperfield, Bleak House, Little Dorrit, Great Expectations, and Our Mutual Friend. Houston maintains that Victorian codes of
behavior prescribed for gender and class regarding sexual and alimental appetites were so extreme and complicated that numerous consequent eating disorders and related diseases developed. Ideologies about consumption translated into medically defined consumptions, such as anorexia. Using anorexia and its etiology as representative of an underlying cultural dynamics of consumption, Houston examines anorexia as a deep structure of the Victorian period.
Further, consumption as economic process is reflected in the expansion of individual material desires at the expense of the designated body politic. In other words, extravagant consumption occurs in society only if certain groups—usually consisting of lower-class men and women and, in Dickens’s novels, women in general—are severely limited in their consumption.
To support her approach, Houston turns to Rita Felski’s Beyond Feminist Aesthetics, agreeing with Felski’s argument that it is necessary to recognize the complex dialectics that take place between the individual and society. Not only does culture construct human beings, but human beings also construct culture. Felski’s theory aids Houston in emphasizing that Dickens not only influenced but was also greatly influenced by the Victorian dynamics of consumption. In fact, Houston argues that while Dickens dismantles Victorian ideologies about class and hunger by demonstrating the unnaturalness of expecting one class to starve so that another might gluttonize, he nevertheless accepts and perpetuates the Victorian identification of woman as the self-sacrificing, always-nurturing "angel in the house" without need of nurture herself.
This extraordinary book will appeal to literary scholars, as well as to scholars in the social sciences, history, humanistically oriented medicine, and women’s studies.
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The Culture of Capital: Property, Cities, and Knowledge in Early Modern England
Henry Turner
Manufacturer: Routledge
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Binding: Hardcover
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ASIN: 0415929245 |
Book Description
The Culture of Capital brings together leading literary critics and historians to reassess one of the defining features of early modern England-the idea of "capital." The collection reevaluates the different aspects of the concept as it emerged amidst the profound economic, social, and technological changes typical of the sixteenth and seventeenth centuries. As the essays move from the birth of private property and the rise of cities to the appearance of the printed book and the claims of modern science, the contributors reveal the nuanced relationships among economic value and other forms of religious, cultural, political, and intellectual value, as well as the persistence of objects, activities, and concepts that resisted becoming "capital" in a modern sense. Offering exemplary models of rigorous theoretical, literary, and historical work, the volume maps the ground for a new, enriched, interdisciplinary history of early modern England.
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