On Commodification and the Progress of Knowledge in Society: A Defence

In this paper I make more explicit a position that I have being advocating for more than two decades (gathered together in Fuller 2002, Fuller 2010), though its full force does not seem to have been felt. I write in defence of the *commodification* rather than the simple *commercialisation* of knowledge. The two italicised terms are often spoken about in the same breath—and, to be sure, they are related to each other. But they are not the same. Commercialisation refers to the subjection of social life to the price mechanism, something that Adam Smith believed happened spontaneously, if it was not impeded by churches and states. And while Smith’s celebration of commercial culture makes him the philosophical father of capitalism, he would probably not approve of capitalism’s long-term tendency to turn aggregated versions of these spontaneous exchanges into objects that are themselves subject to exchange relations, which is commodification. Nevertheless, it is precisely in this sense of ‘commodification’ that I defend the university as a producer of knowledge as a public good, both in terms of teaching and research. I place the shi from commercialisation to commodification in a larger historical context first clearly identified by Ernst Cassirer – namely, a shi in metaphysical consciousness that accompanied the treatment of substances as the bearers of functions, which is associated with the introduction of algebra as a unifying principle of mathematical reasoning in the early modern era, initially through Descartes, which then became the basis of the modern physical world-view.