Prof Len Shackleton, a fellow of the Institute of Economic Affairs, writes for the Financial Times

The UK has 100-plus university-based business schools. When the first were set up in the 1960s – to improve the quality of British management – there was a debate about whether they should be freestanding, or perhaps linked to local business organisations as in France, rather than lodged in universities. This debate should be revisited.

Business schools teach about 15 per cent of all higher education students – and a larger proportion of overseas and post-graduate students. At one level they are a success, bringing in big money from UK-based students, and from overseas partnerships and franchises. But they could be very much better.

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