Universities in the Marketplace: The Commercialization of Higher Education

Is everything in a university for sale if the price is right? In this book, one of America's leading educators cautions that the answer is all too often "yes." Taking the first comprehensive look at the growing commercialization of our academic institutions, Derek Bok probes the efforts on campus to profit financially not only from athletics but increasingly, from education and research as well. He shows how such ventures are undermining core academic values and what universities can do to limit the damage.

Commercialization has many causes, but it could never have grown to its present state had it not been for the recent, rapid growth of money-making opportunities in a more technologically complex, knowledge-based economy. A brave new world has now emerged in which university presidents, enterprising professors, and even administrative staff can all find seductive opportunities to turn specialized knowledge into profit.

Bok argues that universities, faced with these temptations, are jeopardizing their fundamental mission in their eagerness to make money by agreeing to more and more compromises with basic academic values. He discusses the dangers posed by increased secrecy in corporate-funded research, for-profit Internet companies funded by venture capitalists, industry-subsidized educational programs for physicians, conflicts of interest in research on human subjects, and other questionable activities.

While entrepreneurial universities may occasionally succeed in the short term, reasons Bok, only those institutions that vigorously uphold academic values, even at the cost of a few lucrative ventures, will win public trust and retain the respect of faculty and students. Candid, evenhanded, and eminently readable, Universities in the Marketplace will be widely debated by all those concerned with the future of higher education in America and beyond.

In this recent tome by former Harvard University president Derek Bok, yet another form of change and devolution of all the academy once stood for is discussed with both intelligence and wit; the commercialization of institutions of higher education and the associated seduction and corruption of faculty, administrators and the university system itself. Bok takes a probing look at the many ways in which financial enticements have entered the ivory towers, and how such temptations are profoundly altering the business of the university system itself, often warping both the mission of the institution as well as the intellectual products flowing from the academic marketplace. Beginning with the advent of financial gain associated with college sport programs, the author wonders out loud at what point the transformation of what was once an ancillary concern for additional source of academic funding became a much more purposeful source of university profit, resulting in much more deliberate efforts on the university's part to use sport for financial gain.

He similarly muses over the fashion in which independent medical research efforts within university setting have become captive to the driving force of pharmaceutical and other medical enterprises, such that the focus and progress of medical research becomes much more focused on particular kinds of patent-driven and/or profit-oriented enterprises, efforts that if successful can turn humble medical researchers into instant millionaire tycoons. Similarly, universities now find themselves competing over intellectual hot properties like cybernetic wiz-kids, with places like Harvard offering fringe benefits like free homes in Concord or Lexington MA in order to lure promising young computer superstars capable of drawing a lot of grant money and/or corporate sponsorship to the institution. Finally, he debates as to what the practice of beginning such internet-based distance learning programs will have on both the quality and nature of higher education in the future, since it could well have significant consequences for those wishing to actually do their study on-campus.

Of course, commercialization has some positive aspects to it, as with the excellent (and quietly profit-oriented) extension university system associated with Harvard. One can gain access to the same faculty and coursework as is available in the full-time day programs at Harvard in part-time evening programs (both undergraduate as well as graduate) that are relatively inexpensive, have few entrance requirements and all of the advantages of a more rigorous Harvard liberal arts education. While it is likely true that the program exists as a way of Harvard itself cashing in on the cache of its name, it offers a quality educational program and provides a potential excellent product for a discerning consumer. At base, this is an absorbing book, one well worth the time and effort to thread through its 200 some pages in search of some provocative and thoughtful observations of the drawbacks associated with the increasing commercialization of the university marketplace. It is a book I can highly recommend. Enjoy!