Schools out

Martin Parker looks at lessons learnt from the lessons taught in business schools.

In the immediate aftermath of the 2008 financial crisis, there were plenty of people willing to write op-ed pieces for newspapers on why the business school was to blame. Not the only cause of course, because many other institutions were complicit too, but it was commonly suggested that the business school had laid the groundwork for an attitude to money and markets that was particularly damaging. Business schools taught greed.

In 2011, the American Association of Collegiate Schools of Business estimated that there were then nearly 13,000 business schools in the world. Pause for a moment and consider that figure. Think about the huge numbers of people employed by those institutions, about the armies of graduates marching out with business degrees, about the gigantic sums of money

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