financialized
fy-NAN-shu-lyzd
Definition
Describes a system or institution, such as a university, that is increasingly operated according to market-driven, profit-seeking principles rather than its traditional mission.
Etymology
The word combines the English root 'finance'—derived from the Old French 'fin,' meaning an end or payment—with the suffix '-ize,' denoting the process of making or becoming, to describe the expanding influence of financial metrics on non-financial areas.
In the news
A professor uses this term to argue that the university's focus on revenue and market-driven outcomes is a more significant threat to the humanities than the alleged political biases discussed in the report.
U.Va. Humanities scholars push back on national report alleging politicized scholarship
Read the full article ↗The Cavalier Daily