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

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.