Professor Calls To Abolish Business Schools For Failing Society
joshuark writes: Professor Christopher Marquis makes a provocative argument about business schools: "We need to abolish them." A 20-year business educator at Harvard, Cornell and Cambridge, Marquis argues in The New York Times and on LinkedIn that MBA programs sanctify profit-driven dealmaking at the expense of public life. "That's not the institution failing," he writes. "Sadly, it's the…
Professor Christopher Marquis has ignited a debate about the role of business schools by calling for their abolition. The Harvard, Cornell, and Cambridge educator contends that MBA programs promote profit-driven decision-making, often at the expense of society. Marquis argues that these institutions are failing, not the programs themselves.
He contends that business schools not only impart skills and create networks, but they also alter individuals' perceptions of the world, prioritizing financial metrics over the welfare of workers and communities. Marquis draws on research showing that CEOs with business-school backgrounds often increase shareholder wealth while leaving workers' wages stagnant and productivity unchanged.
In the United States and Denmark, business-school graduates seem to excel at transferring wealth from employees to shareholders, rather than improving company performance. Marquis believes that students deserve a more valuable education that expands their horizons beyond the narrow focus of modern business schools.
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