Provocation: Business schools and economic crisis – The only true wealth is the wealth of the mind

Les Worrall

International Journal of Management Concepts and Philosophy, 2010, vol. 4, issue 1, 7-12

Abstract: This paper argues that financial and economic crisis reflects the way that managers and the managerial elite often make fallible and self-interested decisions. Business education has contributed to this through a conditioning process, where educators have reduced the content of business education by neglecting its basic disciplinary concepts and preferring a soft agenda that panders to fashion and student complaints about 'difficult work'. This is supported by university managers who see business schools as sources of income and the embodiment of a business focused agenda.

Keywords: business schools; economic crisis; financial crisis; managers; managerial elite management teaching; business fashions; management research; management education; business education; higher education. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmcph:v:4:y:2010:i:1:p:7-12

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