Theories of academic capitalism arose during the 1980s and 1990s and have particularly inspired commentary on expanding academic systems where transactional incentives have more greatly informed academic behaviours. Often this transformation has seen not the monetisation of academic values, but their squeezing out by more venal operators. In developing academic systems - such as Chile's - that have sought to mimic mature systems in academic career structures, academic capitalism low on real academic capital (here dubbed academic careerism) can take root. The chapter provides a taxonomy positing differences between academic capitalism and academic careerism. A corollary is to dispel the common misconception in countries such as Chile that the troubled enough practice of academic capitalism in developed academic systems is just about money and power.
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