Crowdsourcing in Academia

1 May 2012 at 6:43 pm 2 comments

| Peter Klein |

It’s called “fractional scholarship.”

American universities produce far more Ph.D’s than there are faculty positions for them to fill, say the report’s authors, Samuel Arbesman, senior scholar at the Kauffman Foundation, and Jon Wilkins, founder of the Ronin Institute. Thus, the traditional academic path may not be an option for newly minted Ph.D.s. Other post-graduate scientists may eschew academia for careers in positions that don’t take direct advantage of the skills they acquired in graduate school.

Consequently, “America has a glut of talented, highly educated, underemployed individuals who wish to and are quite capable of effectively pursuing scholarship, but are unable to do so,” said Arbesman. “Ideally, groups of these individuals would come together to identify, define and tackle the questions that offer the greatest potential for important scientific results and economic growth.”

Given the level of relationship-specific investment many research projects require, this isn’t likely to work without some kinds of long-term commitments. But the model may be effective for other projects. And it beats the alternative.

Entry filed under: - Klein -, Innovation, Institutions, Methods/Methodology/Theory of Science. Tags: .

The Bizarro World of Professor Sen Darden Entrepreneurship and Innovation Research Conference

2 Comments Add your own

  • 1. Shawn Ritenour  |  5 May 2012 at 2:10 pm

    I’d also suggest that the report’s term “underemployed” is a relative one. It could just as easily read “over-credentialed.” Could it be that this is a consequence on the debt-driven inflationary boom in the higher ed. market?

  • 2. mikemarotta  |  10 May 2012 at 8:52 pm

    At root, perhaps the revelation is that lack of entrepreneurship as a mode we accept and embrace. The only path seems to be getting a salaried job. Yet, in fact, universities were founded by entrepreneurial scholars. Thus, Cambridge, Oxford, Sorbonne, and Bologna have different governance structures.

    Also, you know, the complaint that there are “too many” PhDs and they are “underemployed” (or over-credentialed) is sort of like the Luddite complaint that the market undervalued skilled craftsmen. They bring what they bring. The market is not under- or over- anything except someone’s arbitrary dream of a “fair price.”

    Finally, I think that if you consider You Tube, 200 cable channels, and blogs like this, it might seem that we are living in a kind of renaissance or golden age in which education for its own sake is all the rage and culture has blossomed beyond all expectations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Authors

Nicolai J. Foss | home | posts
Peter G. Klein | home | posts
Richard Langlois | home | posts
Lasse B. Lien | home | posts

Guests

Former Guests | posts

Networking

Recent Posts

Categories

Feeds

Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

Follow

Get every new post delivered to your Inbox.

Join 219 other followers