Alternatively, the earnings from commercialized operations would cross-subsidize less marketable academic areas, striving to reach for social goals which are under-valued by the market. This would allow worthwhile fields such as community health to compete with commercially viable fields such as biomedical science. This idea calls for communism of the academic sphere to exist within a capitalist system to attempt to further optimize the value of academic exchange and discovery. An example of a policy obstructing this solution which would permit businesses to acquire patents from universities and profit of them would be the Bayh-Dole act, as it allows private companies to take advantage of high education institutions and government subsidies,
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This furthers the image that public support for universities and economic value can not be independent of one another. In essence, governments are implementing economic objectives and strategies due to the steep cost of higher education. For this reason, neo-liberalism does not simply indicate that universities are less public, and instead push the idea that universities are transforming into a gray area between public and private values.2 The neo-liberal university is an inherently stratifying institution which it has established through the increased tiers of the academic workforce, creating levels and classes of prestige throughout varying academic fields. This also ties back to students as consumers as it further defines the term as a sociological interest which is guided by a now universal psychological perception that we need materialistic items in order to gain status, the acting item in this case being the degree which acknowledges the students performance in the aforementioned institution. This is evident in the United States' universities as the degree of competition is extremely pervasive where the fee difference of undergraduate tuition increase the risk and the amount of personal investment required from both students and institutions. Universities of the United States can capture differences in prestige due to the unregulated tuition, affecting which universities top students wish to attend. This forces students to compete for admission to selective institutions and tuition discounts all
This furthers the image that public support for universities and economic value can not be independent of one another. In essence, governments are implementing economic objectives and strategies due to the steep cost of higher education. For this reason, neo-liberalism does not simply indicate that universities are less public, and instead push the idea that universities are transforming into a gray area between public and private values.2 The neo-liberal university is an inherently stratifying institution which it has established through the increased tiers of the academic workforce, creating levels and classes of prestige throughout varying academic fields. This also ties back to students as consumers as it further defines the term as a sociological interest which is guided by a now universal psychological perception that we need materialistic items in order to gain status, the acting item in this case being the degree which acknowledges the students performance in the aforementioned institution. This is evident in the United States' universities as the degree of competition is extremely pervasive where the fee difference of undergraduate tuition increase the risk and the amount of personal investment required from both students and institutions. Universities of the United States can capture differences in prestige due to the unregulated tuition, affecting which universities top students wish to attend. This forces students to compete for admission to selective institutions and tuition discounts all