Can't read entire article, but at risk of repeating what may have been stated in article I would still like to mention that Business School is not Economics science. HOWEVER Economics science turned into a dogmatic religion. So while as such science is valuable, modern Economics is utter garbage and any progressive thought is always banished from the field. Imagine physics or mathematics doing that, or even computing? So the question should be not about shutting down but about restructure and reform. What governments need to do is to employ those rare progressive economists who actually survived institutional "pecking" and make them mainstream by adopting their policies. We need economists but not the kind produced by modern schools of business.

Why do you need business school when companies have AI now?

Best case scenario, business school is a way to check a box for a degree that some company still requires if you aren't related to an executive, and get the slightest bit of networking establishment. If you are lucky, you might learn how to properly do some bookkeeping if you want to start your own business. Beyond that, the shit is so trivial and obvious that every dime wasted on it should set you back from your business career for making such an unprofitable decision.

And dudes who barely passed, failed, or dropped out of business school despite how unrigorous it is still end up millionaires often enough because business doesn't reward intelligence and hardwork, despite the bootstrap narratives all the wealthy "geniuses" play up. It rewards callousness, ambition, manipulation, and a ton of luck.

When I was younger (like late 20s), I remember watching an infomercial about the power of trading stocks. It was a "CD/DVD kit" where they teach you how to make money trading penny stocks and shit like that.

I remember talking about it with a co-worker and he said something like, "If they really made all that money, why would they have to sell the kit?"

My response was, "Maybe they want other people to know how to do it to."

That conversation lives rent free in my brain because I realized years later that that's what business school is: a bunch of people telling people how to run a business profitably. If they could make money doing it, they wouldn't be teaching it.

I know that's not what business school is but damn the analogy still fits.

At my relatively small college with fewer than a dozen majors, by far the most insufferably slimy people there were the students majoring in business and management, as well as the program's instructing staff. The engineering, science, math, and humanities students were many times more genuine and pleasant.

I remember hearing that 'war is terrible for business' when I was in school. These days business is not about trade anymore-- its almost nothing but repeated speculation bubbles, gifts from government, and asset leveraging grifts. In this new world of business, war is Great for business. Politics and regulation have become about little more than steering markets and monopolies, and grift. Political leaders dont care what the plebs want, only what the rich want.

So yes, business schools are no longer useful for humanity.

I can’t read the whole article, but the part about shifting mindsets quickly is not only a part of business schools. I think the articles point is that the elite class is educated at business schools, and this pushes a particular mindset.

Cech has a very good study about engineering schools having a “culture of disengagement” and essentially it is a discipline captured by capital as well.

Jstor link: https://www.jstor.org/stable/43671164

No gift link? No copy-paste? Most people are unable to read this.

Well that was a refreshing read. I kind of know all of it but it's nice to have it written down. Business degrees are like if CS degrees were titled (and taught as) "Making and selling software".

Go on, then