Neoliberalism and Higher Education - Stanley Fish Blog - NYTimes.com
What is neoliberalism, and what's it done to our universities?
Short-term transactions-for-profit replace long-term planning designed to produce a more just and equitable society. Everyone is always running around doing and acquiring things, but the things done and acquired provide only momentary and empty pleasures (shopping, trophy houses, designer clothing and jewelry), which in the end amount to nothing. Neoliberalism, David Harvey explains, delivers a “world of pseudo-satisfactions that is superficially exciting but hollow at its core.” (”A Brief History of Neoliberalism.”)
a good description of commodity-based thinking
As Ronald Coase put it in his classic article, “The Problem of Social Cost” (Journal of Law and Economics, 1960): “The question to be decided is: is the value of the fish lost greater or less than the value of the product which the contamination of the stream makes possible?” If the answer is more value would be lost if my factory were closed, then the principle of the maximization of wealth and efficiency directs us to a negotiated solution: you allow my factory to continue to pollute your stream and I will compensate you or underwrite the costs of your moving the stream elsewhere on your property, provided of course that the price I pay for the right to pollute is not greater than the value produced by my being permitted to continue.
Well defined article analyzing the disjointed humanism taught at institutes of higher education. NeoLiberalism.