Universities in the Marketplace: The Commercialization of Higher Education 
Is everything in a university for sale if the price is right? In this book, one of America's leading educators cautions that the answer is all too often "yes." Taking the first comprehensive look at the growing commercialization of our academic institutions, Derek Bok probes the efforts on campus to profit financially not only from athletics but increasingly, from education and research as well. He shows how such ventures are undermining core academic values and what universities can do to limit the damage.
Commercialization has many causes, but it could never have grown to its present state had it not been for the recent, rapid growth of money-making opportunities in a more technologically complex, knowledge-based economy. A brave new world has now emerged in which university presidents, enterprising professors, and even administrative staff can all find seductive opportunities to turn specialized knowledge into profit.
Bok argues that universities, faced with these temptations, are jeopardizing their fundamental mission in their eagerness to make money by agreeing to more and more compromises with basic academic values. He discusses the dangers posed by increased secrecy in corporate-funded research, for-profit Internet companies funded by venture capitalists, industry-subsidized educational programs for physicians, conflicts of interest in research on human subjects, and other questionable activities.
While entrepreneurial universities may occasionally succeed in the short term, reasons Bok, only those institutions that vigorously uphold academic values, even at the cost of a few lucrative ventures, will win public trust and retain the respect of faculty and students. Candid, evenhanded, and eminently readable, Universities in the Marketplace will be widely debated by all those concerned with the future of higher education in America and beyond.
Reviews
I found the book to be interesting, yet somewhat limited in that often the book was repetitive and the ideas shared were fairly obvious examples and too narrow in scope. When the book was published in 2003, online education far surpassed some of the descriptions provided by the author. To suggest that one online class could cost one million dollars to develop is overstated and many of the examples of the type of pedagogy in online education were naýve and not current. Also, all Division I college athletic programs are not administered as Bok describes. He over generalizes when suggesting that admission standards at universities are lowered to accommodate student athletes. This is not always the case.
Certainly Derek Bok's credentials speak for themselves, but it appears that in writing this book, additional research and new ideas could have been presented.
The author lays down the foundation, history and future of the introduction of commercialization into higher education. Athletics and Scientific research became the main target of academia from the corporate world before reservations could be addresses to control their impact on academic freedom. The topic of bias from these influences, for profit, runs deep in the world of higher education. The quality of the basic principles of education were initially corrupted and the world of higher education had to become fully aware of the implications of the very commercialization they were encouraging.
Derek Bok, formerly President of Harvard University and Dean of the Harvard Law School, shares the experiences which have given him the depth to fully explain the benefits and detriments of letting the commercial world into higher education. While there are benefits and honor given to colleges that take on research project with corporate backing, or sell clothing, hats, or icons of their sports teams, Mr. Bok continues on to explain how letting these little "for profit" endeavors into higher education will take legitimacy and academic freedom control from the institution. He further gives great input on protecting and preserving the integrity of instruction and research within higher education. He encourages teaching and keeping the rules that apply uniquely to the world of academia. Academic freedom and higher education need to be ever vigilant in the protection from corporate, alumni, athletic, and research money or influence.
Derek Bok does a great job in covering the issues that affect higher education in the effort to bring in new sources of funding for programs, buildings, and research. He has a clear grasp of the conflicting values and needs of the institution. His book clearly and humorously explains alumni, corporate, and racial influences that try to pressure the institution regarding where colleges get their funding, what to do with the research findings, and just how devout fans of college athletics should be rewarded. His guidance to other institutions regarding these facts and how to respond to ensure the integrity of the institution is clearly in keeping with the academic freedom that should be enjoyed by higher education.
My personal reaction to this book was enthusiastic and grateful. My concerns for the freedom to learn and discover within education has been stressed further by the No Child Left Behind Act and my new knowledge of how our government is supporting the recertification's of teachers and the application of technology to further NCLB's success. It is good to see a well written and received book on keeping our integrity and still benefiting financially from the additional funding available through these new resources. My learning and teaching in higher education is benefited by knowing more about how and why university Presidents make the financial decisions that can be tricky decisions and sometimes controversial to the influence the institution has on society. It also reaffirms to me that there are people out there making sure academic freedom and the integrity of all education will continue to flourish and move society forward. Further education of faculty, students, alumni, religious and political groups will encourage these influences and the pressure they exert on the institutions to be more aware of the goals and basic responsibilities that make higher education unique and truly educational.
In this recent tome by former Harvard University president Derek Bok, yet another form of change and devolution of all the academy once stood for is discussed with both intelligence and wit; the commercialization of institutions of higher education and the associated seduction and corruption of faculty, administrators and the university system itself. Bok takes a probing look at the many ways in which financial enticements have entered the ivory towers, and how such temptations are profoundly altering the business of the university system itself, often warping both the mission of the institution as well as the intellectual products flowing from the academic marketplace. Beginning with the advent of financial gain associated with college sport programs, the author wonders out loud at what point the transformation of what was once an ancillary concern for additional source of academic funding became a much more purposeful source of university profit, resulting in much more deliberate efforts on the university's part to use sport for financial gain.
He similarly muses over the fashion in which independent medical research efforts within university setting have become captive to the driving force of pharmaceutical and other medical enterprises, such that the focus and progress of medical research becomes much more focused on particular kinds of patent-driven and/or profit-oriented enterprises, efforts that if successful can turn humble medical researchers into instant millionaire tycoons. Similarly, universities now find themselves competing over intellectual hot properties like cybernetic wiz-kids, with places like Harvard offering fringe benefits like free homes in Concord or Lexington MA in order to lure promising young computer superstars capable of drawing a lot of grant money and/or corporate sponsorship to the institution. Finally, he debates as to what the practice of beginning such internet-based distance learning programs will have on both the quality and nature of higher education in the future, since it could well have significant consequences for those wishing to actually do their study on-campus.
Of course, commercialization has some positive aspects to it, as with the excellent (and quietly profit-oriented) extension university system associated with Harvard. One can gain access to the same faculty and coursework as is available in the full-time day programs at Harvard in part-time evening programs (both undergraduate as well as graduate) that are relatively inexpensive, have few entrance requirements and all of the advantages of a more rigorous Harvard liberal arts education. While it is likely true that the program exists as a way of Harvard itself cashing in on the cache of its name, it offers a quality educational program and provides a potential excellent product for a discerning consumer. At base, this is an absorbing book, one well worth the time and effort to thread through its 200 some pages in search of some provocative and thoughtful observations of the drawbacks associated with the increasing commercialization of the university marketplace. It is a book I can highly recommend. Enjoy!
For one, this book is a useful reality check. Through scores of studies, Professor Bok dispels the myth that these three activities are profitable. Save few exceptions, these endeavors prove financially disastrous. More than that, there are the hidden dangers of compromising a university's academic standards and standing in the community. The call for a candid evaluation of the costs of commercialization is half of the book's theme.
The other half outlines prescriptions and guidelines for university presidents about how to handle these increased pressures. Professor Bok suggests revision to NCAA rules, and university oversight and care to limit the influence of corporate sponsors over research or the curriculum taught in schools.
In the end, "Universities in the Marketplace" is a reminder that universities are built around values: "the larger message of a liberal arts education [is] that there is more to life than making money." These values and the collaborative spirit, on which universities thrive, are threatened by the mistaken perception that there is money to be made by exploiting a school's name. The adherence to high standards is an old prescription for new pressures, and the one that Professor Bok suggests as the ultimate guideline for dealing with the threats of the future.
