The impact of faculty income on academe is examined in eight papers comprising the final summary report of the Ethical and Economic Issues Project of the University of Southern California. "Ethical and Economic Issues Facing Academe in a Rapidly Changing Society" (Robert H. Linnell) examines ethical dilemmas, faculty salaries, continuing education, and government support. "The Ethics of the Academic Profession" (Henry B. Clark and Kristine E. Dillon) focuses on accountability, professional autonomy, and faculty/college relationships. In "Economics of the Academic Profession: A Perspective on Total Professional Earnings" (Dillon), faculty characteristics, alternatives to traditional salary studies, and possible futures for faculty compensation are considered. "Professional Activities for Additional Income: Benefits and Problems" (Linnell) includes a classification of supplemental activities and university policy. "The Educational Future: Policies for Continuing Education" (Dillon) discusses continuing education and compensation policies, implications, and new directions. In "Intellectual Property: Developing Equitable Policy" (Linnell), university policies and practices, new federal legislation, new policy needs, institutional and individual goals, ownership, and income sharing are examined. "Government Research Support: Impact on Ethical and Economic Issues" (Linnell) discusses federal support and research quality, creativity and productivity quality, ethical and economic issues, and new directions for federal support. Conclusions are offered regarding consulting, outside professional activities, use of university materials, policy, institutional vendors, teaching for other institutions, and ethical and economic issues. (LC)