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The Business School: Serving Mammon or the University

In: The Purpose of Business

Author

Listed:
  • David Gautschi
  • Jonathan Story

Abstract

Two events at a distance of nearly half a century illustrate the relationship between business schools and context. On October 4, 1957, the Soviet Union announced, and governments around the world confirmed, that it had succeeded in putting an artificial satellite into low Earth orbit. The United States was so shocked that then president Eisenhower formalized this surprise and its possible consequences as the Sputnik Crisis. Within the year, the US Congress passed the National Defense Education Act, providing funding to US education at all levels, in response to a prevailing sense that US science, engineering, and mathematics were at risk of falling behind in the all-encompassing contest with the Soviet Union. Galvanizing business schools was part of this broader package.

Suggested Citation

  • David Gautschi & Jonathan Story, 2015. "The Business School: Serving Mammon or the University," Palgrave Macmillan Books, in: Albert Erisman & David Gautschi (ed.), The Purpose of Business, chapter 0, pages 3-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-50324-4_1
    DOI: 10.1057/9781137503244_1
    as

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