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find¡¡an¡¡equally¡¡unabashed¡¡pronouncement¡¡of¡¡the¡¡like¡¡volume¡¡and



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does¡¡by¡¡no¡¡means¡¡stand¡¡alone£»¡¡and¡¡its¡¡perfections¡¡should¡¡not¡¡be



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forth¡¡in¡¡their¡¡public¡¡announcements£»¡¡and¡¡to¡¡their¡¡work¡¡in¡¡so¡¡far



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be¡¡noted¡¡that¡¡few¡¡of¡¡these¡¡schools¡¡successfully¡¡keep¡¡their¡¡work



clear¡¡of¡¡all¡¡entanglement¡¡with¡¡theoretical¡¡discussions¡¡that¡¡have



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9¡£¡¡It¡¡is¡¡doubtless¡¡within¡¡the¡¡mark¡¡to¡¡say¡¡that¡¡the¡¡training¡¡given



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pronounced¡¡degree¡¡than¡¡elsewhere£»¡¡business¡¡management¡¡centres¡¡on



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industrial¡¡process¡¡from¡¡ambush£»¡¡with¡¡a¡¡view¡¡to¡¡the¡¡seizure¡¡of¡¡any



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placed¡¡in¡¡all¡¡material¡¡respects¡£



¡¡¡¡¡¡¡¡What¡¡the¡¡schools¡¡of¡¡commerce¡¡now¡¡offer¡¡is¡¡further



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indirection¡¡and¡¡subreption£»¡¡of¡¡course£»¡¡much¡¡of¡¡the¡¡training¡¡given



in¡¡athletics¡¡already¡¡does¡¡so¡¡count¡£











CHAPTER¡¡VIII







Summary¡¡and¡¡Trial¡¡Balance











¡¡¡¡¡¡¡¡As¡¡in¡¡earlier¡¡passages£»¡¡so¡¡here¡¡in¡¡speaking¡¡of¡¡profit¡¡and



loss£»¡¡the¡¡point¡¡of¡¡view¡¡taken¡¡is¡¡neither¡¡that¡¡of¡¡material



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community¡¡at¡¡large£»¡¡nor¡¡that¡¡of¡¡expediency¡¡for¡¡the¡¡common¡¡good¡¡in



respect¡¡of¡¡prosperity¡¡or¡¡of¡¡morals£»¡¡nor¡¡is¡¡the¡¡appraisal¡¡here



ventured¡¡upon¡¡to¡¡be¡¡taken¡¡as¡¡an¡¡expression¡¡of¡¡praise¡¡or¡¡dispraise



at¡¡large£»¡¡touching¡¡this¡¡incursion¡¡of¡¡business¡¡principles¡¡into¡¡the



affairs¡¡of¡¡learning¡£



¡¡¡¡¡¡¡¡By¡¡and¡¡large£»¡¡the¡¡intrusion¡¡of¡¡businesslike¡¡ideals£»¡¡aims¡¡and



methods¡¡into¡¡this¡¡field£»¡¡with¡¡all¡¡the¡¡consequences¡¡that¡¡follow£»



may¡¡be¡¡commendable¡¡or¡¡the¡¡reverse¡£¡¡All¡¡that¡¡is¡¡matter¡¡for



attention¡¡and¡¡advisement¡¡at¡¡the¡¡hands¡¡of¡¡such¡¡as¡¡aim¡¡to¡¡alter£»



improve£»¡¡amend¡¡or¡¡conserve¡¡the¡¡run¡¡of¡¡institutional¡¡phenomena



that¡¡goes¡¡to¡¡make¡¡up¡¡the¡¡current¡¡situation¡£¡¡The¡¡present¡¡inquiry



bears¡¡on¡¡the¡¡higher¡¡learning¡¡as¡¡it¡¡comes¡¡into¡¡this¡¡current



situation£»¡¡and¡¡on¡¡the¡¡effect¡¡of¡¡this¡¡recourse¡¡to¡¡business



principles¡¡upon¡¡the¡¡pursuit¡¡of¡¡learning¡£



¡¡¡¡¡¡¡¡Not¡¡that¡¡this¡¡learning¡¡is¡¡therefore¡¡to¡¡be¡¡taken¡¡as



necessarily¡¡of¡¡higher¡¡and¡¡more¡¡substantial¡¡value¡¡than¡¡that



traffic¡¡in¡¡competitive¡¡gain¡¡and¡¡competitive¡¡spending¡¡upon¡¡which



business¡¡principles¡¡converge£»¡¡and¡¡in¡¡which¡¡they¡¡find¡¡their



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appraisal¡¡awarded¡¡by¡¡the¡¡common¡¡sense¡¡of¡¡civilized¡¡mankind¡£¡¡The



profit¡¡and¡¡loss¡¡here¡¡spoken¡¡for¡¡is¡¡not¡¡profit¡¡and¡¡loss£»¡¡to



mankind¡¡or¡¡to¡¡any¡¡given¡¡community£»¡¡in¡¡respect¡¡of¡¡that¡¡inclusive



complex¡¡of¡¡interests¡¡that¡¡makes¡¡up¡¡the¡¡balanced¡¡total¡¡of¡¡good¡¡and



ill£»¡¡it¡¡is¡¡profit¡¡and¡¡loss¡¡for¡¡the¡¡cause¡¡of¡¡learning£»¡¡simply£»¡¡and



there¡¡is¡¡here¡¡no¡¡aspiration¡¡to¡¡pass¡¡on¡¡ulterior¡¡questions¡£¡¡As



required¡¡by¡¡the¡¡exigencies¡¡of¡¡such¡¡an¡¡argument£»¡¡it¡¡is¡¡therefore



assumed£»¡¡pro¡¡forma£»¡¡that¡¡profit¡¡and¡¡loss¡¡for¡¡the¡¡pursuit¡¡of



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affairs¡¡of¡¡the¡¡corporation£»¡¡whereas£»¡¡qua¡¡accountant£»¡¡he¡¡will



perforce¡¡have¡¡nothing¡¡to¡¡say¡¡as¡¡to¡¡the¡¡ulterior¡¡expediency¡¡of¡¡the



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¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡I







¡¡¡¡¡¡¡¡Business¡¡principles¡¡take¡¡effect¡¡in¡¡academic¡¡affairs¡¡most



simply£»¡¡obviously¡¡and¡¡avowably¡¡in¡¡the¡¡way¡¡of¡¡a¡¡businesslike



administration¡¡of¡¡the¡¡scholastic¡¡routine£»¡¡where¡¡they¡¡lead



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scholastic¡¡accountancy¡£¡¡In¡¡one¡¡form¡¡or¡¡another£»¡¡some¡¡such



administrative¡¡machinery¡¡is¡¡a¡¡necessity¡¡in¡¡any¡¡large¡¡school¡¡that



is¡¡to¡¡be¡¡managed¡¡on¡¡a¡¡centralized¡¡plan£»¡¡as¡¡the¡¡American¡¡schools



commonly¡¡are£»¡¡and¡¡as£»¡¡more¡¡particularly£»¡¡they¡¡aim¡¡to¡¡be¡£¡¡This



necessity¡¡is¡¡all¡¡the¡¡more¡¡urgent¡¡in¡¡a¡¡school¡¡that¡¡takes¡¡over¡¡the



discipline¡¡of¡¡a¡¡large¡¡body¡¡of¡¡pupils¡¡that¡¡have¡¡not¡¡reached¡¡years



of¡¡discretion£»¡¡as¡¡is¡¡also¡¡commonly¡¡the¡¡case¡¡with¡¡those¡¡American



schools¡¡that¡¡claim¡¡rank¡¡as¡¡universities£»¡¡and¡¡the¡¡necessity¡¡is¡¡all



the¡¡more¡¡evident¡¡to¡¡men¡¡whose¡¡ideal¡¡of¡¡efficiency¡¡is¡¡the



centralized¡¡control¡¡exercised¡¡through¡¡a¡¡system¡¡of¡¡accountancy¡¡in



the¡¡modern¡¡large¡¡business¡¡concerns¡£¡¡The¡¡larger¡¡American¡¡schools



are¡¡primarily¡¡undergraduate¡¡establishments£»¡¡¡¡with¡¡negligible



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control¡¡of¡¡immature¡¡and¡¡reluctant¡¡students£»¡¡at¡¡the¡¡same¡¡time£»



such¡¡an¡¡organization¡¡conduces¡¡to¡¡an¡¡excessive¡¡size¡£¡¡The¡¡immediate



and¡¡visible¡¡effect¡¡of¡¡such¡¡a¡¡large¡¡and¡¡centralized¡¡administrative



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and¡¡unequivocally£»¡¡so¡¡far¡¡as¡¡regards¡¡that¡¡routine¡¡training¡¡that



is¡¡embodied¡¡in¡¡the¡¡undergraduate¡¡curriculum¡£¡¡But¡¡it¡¡is¡¡at¡¡least¡¡a



necessary¡¡evil¡¡in¡¡any¡¡school¡¡that¡¡is¡¡of¡¡so¡¡considerable¡¡a¡¡size¡¡as



to¡¡preclude¡¡substantially¡¡all¡¡close¡¡or¡¡cordial¡¡personal¡¡relations



between¡¡the¡¡teachers¡¡and

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