Abstract
This chapter traces the origins of higher education and comments on elements relevant specifically to the current-day business school. The modern-day university primarily has its roots in Europe. The medieval university evolved out of the Catholic cathedral schools, and universities flourished first in Paris and Bologna. Numerous customs in universities today have their roots in the medieval university. Funding and sponsorship of the medieval university came from the state and the church. As a quid pro quo, the university was expected to educate professionals for both benefactors—the administrators needed by the state and the clerics needed by the church. The standard form of a complete university came to be a Faculty of Arts and three “superior faculties” of Theology, Law, and Medicine. This format foreshadows the twenty-first century university that is called upon to train professionals desired by various current-day benefactors.
Published Version
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