*Well, let's be fair it exists to the extent that it creates a self-aware class of certified profiteers. Not that the profits are certified, but, you know, the graduates are.
http://www.thebigmoney.com/articles/judgments/2009/03/25/rip-mba
"...not since the fall of the Soviet Union has a system of belief woken up with so many parking tickets on its windshield.
"The reality is that business school is now chiefly a community of intention. It brings together people who share certain career aspirations—for the most part, to make big bucks—and occupies their time teaching them a few technical things that they don't need to know, along with a code of conduct that says, in essence, whatever is legal is ethical; and if it makes money, it's a positive duty. It's now clear that we would have all been much better off if, instead of cloistering these people on fancy campuses with world-class golf courses, we'd have sent them off to do two years of national service.
"For the benefit of beleaguered business school academics, it's worth pointing out that a world with fewer MBAs is not necessarily a world without business studies. On the contrary, once researchers dispense with the idea that they have to package their material for the purported benefit of junior managers everywhere, they could actually study business. Maybe they could even learn to criticize it. Maybe they and their students could even learn to report on it, the way that journalists used to do."
via @askpang
