ERIC Number: EJ820666
Record Type: Journal
Publication Date: 2008-Nov-7
Reference Count: 0
Are You an Academic Stock or an Academic Bond?
Chronicle of Higher Education, v55 n11 pA120 Nov 2008
Academic scholarship is a business, and just like any other business, it is driven largely by the incentive for profit. Those profits may or may not be financial in nature, but the potential for reward, whether it is measured in terms of a promotion or of intellectual property, underlies whatever people do in higher education. Academics don't generally like to think about their work that way, but the benefits can be profound and in no way diminish an institution's scholarly mission. In this article, the author discusses how the new financial constraints suggest that professors, universities, and granting agencies will have to take a harder look at risk/reward ratios in academic research. He opines that traditional thinkers and innovators are important to academic research, but as resources shrink, a way must be found to decide who gets the support.
Descriptors: Higher Education, Intellectual Property, Rewards, Scholarship, Educational Finance, Finance Reform, Research and Development, Neuropsychology
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: email@example.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A