Latest / R3ciprocity.com - Prof David Maslach: Innovation; Research Life; Striving Towards Happiness
Is Academia an Industry?
Absolutely, academia is an industry—it has all the signs of one. If you look at the production and distribution of knowledge as a product category, it’s clear. But here’s where it gets complicated. The academic world is the ‘general purpose engine’ of the economy, fueling industries with new ideas that drive productivity and innovation. The challenge? Costs are immediate and easy to measure, but the benefits—more knowledge, better design, scientific progress—are amorphous and hard to quantify. This makes academia both incredibly valuable and vulnerable to people gaming the system. So yes…
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