We use panel data models to examine variations and changes in faculty employment at four-year colleges and universities in the United States. The share of part-time faculty among total faculty has continued to grow during the last two decades, while the share of full-time lecturers and...

1. Introduction : markets, competition, and higher education -- 2. Sophism, academia, and Greek economics -- 3. Adam Smith and sophism : reaction to the endowment model -- 4. Virtue and early academia in the US -- 5. Academia and the rise of capitalism in the US -- 6. Corporate capitalism and...