Peter Drucker more or less invented management consulting. Here he is talking about the role of business school in American society.
Business schools no longer see themselves as social instruments. They want to be ‘respectable’, as say mathematics departments are respectable. But this is wrong. Professional schools are not intellectual institutions but social institutions. Old-timers at the business schools had one great strength; they knew what they were talking about.
Peter Drucker, Fortune, May 1963