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The Commodification of Tertiary Education within a Knowledge Economy

Wayne Dreyer, Manukau Institute of Technology
Alexander Kouzmin, Southern Cross University, Regional Futures Institute, University of South Australia

Abstract

This paper investigates the relationships between globalization, the knowledge economy and “rent-seeking” culpability in tertiary education. It discusses current issues and debates about the knowledge economy, asserting that knowledge has now emerged as a new factor of production in global capitalism.

The debate about the effectiveness of universities is re-positioned by refocusing critical debate on the first of many issues involved - education as an economic commodity. The other issues which need closer scrutiny are the emergence of mass universities; commercial subservience to industry; changes in organizational governance; knowledge creation processes; the institutional impact of new technology; life-time learning; and post-graduate management training.

Recommended Citation

Dreyer, Wayne and Kouzmin, Alexander (2009) "The Commodification of Tertiary Education within a Knowledge Economy," Journal of Economic and Social Policy: Vol. 13: Iss. 1, Article 1.
Available at: http://epubs.scu.edu.au/jesp/vol13/iss1/1