Business schools waste resources.

From Higher Aims to Hired Hands analyses the development of business schools over the past year and shows clearly that rather than develop minds and skills they (as BusinessWeek summarises) only serve two functions: a signal to employers that grads are committed and productive, and to provide a network of contacts.

What they have lost is an academic of social mission and the ability to imbue graduates with integrity or ethics. No wonder the sub-prime crisis is occurring.

BusinessWeek review here.

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