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Academic capital is not to be confused with other terms that sound familiar—academic capitalism, intellectual capital. Intellectual capital is a business term for the collective knowledge in an organization, considered a capital cost. Academic capitalism is when universities act like profit-seeking organizations that market the knowledge that ...
Adam Smith. The classical school of economic thought emerged in Britain in the late 18th century. The classical political economists Adam Smith, David Ricardo, Jean-Baptiste Say and John Stuart Mill published analyses of the production, distribution and exchange of goods in a market that have since formed the basis of study for most contemporary economists.
The first co-authored academic publication by Wolff and Resnick was "The Theory of Transitional Conjunctures and the Transition from Feudalism to Capitalism," [15] which laid out the pillars of the framework that they have worked on ever since.
According to the Columbia University Center on Capitalism and Society, “Capitalism is a system of largely private ownership that is open to new ideas, new firms and new owners — in short, to ...
David Rolfe Graeber (/ ˈ ɡ r eɪ b ər /; February 12, 1961 – September 2, 2020) was an American anthropologist and anarchist activist. His influential work in economic anthropology, particularly his books Debt: The First 5,000 Years (2011), Bullshit Jobs (2018), and The Dawn of Everything (2021), and his leading role in the Occupy movement, earned him recognition as one of the foremost ...
Our reporting revealed that many schools are cutting academic programs and raising tuition, while at the same time funneling even more money into athletics. We found that schools that subsidize sports the most also tend to have the poorest students, who are often borrowing to pay for their educations.
Critical university studies is a field examining the role of higher education in contemporary society and its relation to culture, politics, and labor. Arising primarily from cultural studies, it applies critical theory toward the university since the 1970s, particularly the shift away from a strong public model of higher education to a neoliberal privatized model.
Here are some key points from O’Connor’s analysis: 1. Anatomy of American State Capitalism: O’Connor delves into the structure of American state capitalism, exploring how political power and budgetary control operate within the United States. [8] 2. Social Capital Expenditures: He discusses social investment and social consumption ...