Changing Nature of Knowledge and Liberal University in an Era of
Neo-Liberalism: Implications for Democratic Society
However, with changing economic and political structure under the neo-liberalism where ‘neo’ about neoliberalism lies in the idea of ‘perfect market’ which promises to capture the essential and basic truth of human nature. It conceptualises people as self-interested competitors, self -actualised entrepreneurs and rational consumers in a dynamic and ever- changing global marketplace. Production of new forms of knowledge within the context of ‘usefulness’ and ‘application’ takes the primary stage. In the changed situation it is not confined to the university but involves range of institutional settings with its own mission and ethos in transdisciplinary forms. Knowledge intensive companies become new sites of knowledge producing units. It demands new skills like problem solving, ability to combine things together in unique way, brokering skills. It’s characterised as ‘Mode-II’ type of knowledge. It’s is an attempt to understand this shift in knowledge production from Mode-I to Mode-II and its impact on the foundational idea of university and also for democratic society.