Impact of Academic Capitalism on Quality Higher Education: A Utilitarian View

Abstract

This chapter uses the utilitarian view to explore the impact of academic capitalism on the quality of higher education. It uses the qualitative approach, a descriptive survey design. The author engaged with university administrators, faculty, policymakers and industry stakeholders to obtain their perceptions and experiences. Interviews, surveys, document review were used. It employed the thematic approach to data analysis, unraveling various understanding into the motives, strategies and consequences of academic capitalism within the higher education sector. By applying a utilitarian framework, the chapter scrutinizes the extent to which educational endeavours align with economic utility, workforce demands and national development agendas. The chapter examines the implications of commodifying knowledge and prioritizing market-driven outcomes on higher educational quality, equity and social cohesion. It brings out the imperative of balancing utilitarian objectives with broader societal aspirations to enhance holistic development, sustainability and quality of higher education.