For a long time being a business major in college was considered to be a low rent degree. It was a major of the snot nosed upper middle class kid who could do nothing else. Too stupid for any of the sciences and to lacking in talent for the arts and too illiterate for english.
Even those who went into the trades were held in higher regard by most. In the last couple of decades this has all changed, as Sam Smith points on in his current essay.
By 2005 these schools graduated 142,000 MBAs in one year.
There are plenty of worthy arguments to be made correlating the rise of business school culture with the decline of our economy and our country. A cursory examination of American business suggests that its major product has become wasted energy. And not just the physical sort Compute all the energy loss…
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