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Financing the Knowledge Industry


Article # : 12932 

Section : Book World
Issue Date : 5 / 1987  6,151 Words
Author : John Braeman
John Braeman is professor of history at the University of Nebraska at Lincoln.

       TO ADVANCE KNOWLEDGE
       The Growth of American Research Universities, 1900-1940
       Roger L. Geiger
       New York: Oxford University Press, 1986
       352 pp., $27.50
       
       AMERICAN PROFESSORS
       A National Resource Imperiled
       Howard R. Bowen and Jack H. Schuster
       New York: Oxford University Press, 1986
       322 pp., $24.95
       
       Higher education is big business in the United States. There are over 3,200 institutions of higher education, ranging from two-year colleges to research universities. Those institutions enroll more than 12 million students--or adjusting for part-timers, over 8.5 million fulltime equivalents. They have on their staffs approximately 660,000 faculty, over two-thirds of whom are full-time. Their total current expenditures in 1980-1982 amounted to over $65 billion. Perhaps more important, higher education plays a central role in what Daniel Bell has termed our contemporary "post-industrial society."
       
        "Industrial society," Bell explained, "is the coordination of machines and men for the production of goods. Post-industrial society is organized around knowledge, for the purpose of social control and the directing of innovation and change." And he underlined the key importance of a special kind of knowledge: "What has become decisive for the organization of decisions and the direction ... (1999 of 40277 Characters)
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