Abstract
The paper argues that free academic work depends upon a unique structure of time which universities have historically preserved. This unique structure of time (“thought-time”) is essential to both the research and teaching vocations of academic work. Both are threatened by the growing trend away from public funding toward private funding of universities. Changes in funding models are leading to the imposition on academic work of the time-structure typical of capitalist industry (“money-time”). Money-time is fatal to free work activity, and especially free academic work activity. The social life-value of academic work is threatened in consequence of loss of thought-time.
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