From Craft-Production to Capitalist Enterprise?

Higher Education: From Craft-Production to Capitalist Enterprise?

One may well ask: why shouldn't higher education be produced more efficiently? When the power loom displaced hand-loom weaving, society gained cheaper cloth. The success of capitalism in revolutionizing the means of production was even praised in several oft-quoted paragraphs of The Communist Manifesto. And 20th century economist Joseph Schumpeter saw the ever-cheaper commodity as capitalism's major accomplishment...