The globalization of the political economy at the end of the twentieth century is destabilizing the patterns of university professional work developed over the past hundred years. One of the major changes that has taken place as a result of globalization is that faculty, who were previously situated between capital and labor, are now positioned squarely in the marketplace. To grasp the extent of changes taking place and to understand the forces of change, Academic Capitalism examines the current state of academic careers and institutions, with a particular focus on public research universities in the United States, Canada, the United Kingdom, and Australia. In this wide-ranging analysis, Slaughter and Leslie leave no aspect of academic work unexplored: undergraduate and graduate education, teaching and research, student aid policies, and federal research policies. All are part of the equation. The authors pay particular attention to how faculty spend their time, what forces drive their choices of activities, and what this means for higher education.