ABSTRACT
The first man who, having enclosed a piece of the university, bethought himself of saying, "This is my institute," and found members of the faculty simple enough to believe him, was the real founder of the university's higher capitalism. Trustees, themselves businessmen, university administrators, the project titans, faculty members in all spheres, students, and even the general public became accustomed to, became actually dependent on, the spectacle of the higher capitalism on the American campus and of all its attributes of affluence and privilege. If the new capitalism in the American university had altered only the administrative structure of the university, the change would not have been really substantial. No doubt the impact of the new capitalism on the American university would have been much less if these institutes and centers had been designed more or less after the model of those of nineteenth- and early twentieth-century Europe.
