Academic Entrepreneurship is now an institutionalized trend across the contemporary U.S. higher education system. This monograph provides a concise but thorough overview and discussion of the primary literatures that address the trends and implications of entrepreneurship on contemporary higher education environments in the United States. The consistent themes that are woven throughout the overview and discussion are the lack of consensus on the meaning of "academic entrepreneurship" and the tensions that have arisen out of this now pervasive movement. Accordingly the authors provide readers with a set of important questions to be answered through careful empirical attention. Such research would make meaningful contributions to the practices of a wide range of faculty, administrators, and students that have been influenced by the various forms of academic entrepreneurship. This is the fifth issue the 34th volume of the Jossey-Bass series ASHE Higher Education Report. Each monograph in the series is the definitive analysis of a tough higher education problem, based on thorough research of pertinent literature and institutional experiences. Topics are identified by a national survey. Noted practitioners and scholars are then commissioned to write the reports, with experts providing critical reviews of each manuscript before publication.