Monkeys, was reading this NYT book review on 'The Golden Passport' which is about Harvard Business School and how it brought a spiral in capitalism and made it materialistic.
Harvard, he maintains, provided the ideological underpinnings for the junk-bond-induced takeover mania and resulting scandals of the 1980s; the corporate scandals of the 2000s; the egregious increase in the pay gap between chief executives and ordinary employees; the real estate mortgage bubble and ensuing financial crisis; even the election of Donald Trump. In McDonald’s view, the school has contributed to pretty much every bad thing that has happened in American business and the economy in the last century. In the wake of whatever scandal or financial collapse or recession to which it has contributed, it wipes its hands, distances itself and still has the nerve to put forth its experts as the solution to problems.
Though the author does not include any counter opinion, I am surprised that he could come up with an entire book providing examples to support his stance. I wanted to know the community's opinion. Do you guys think HBS is responsible for a negative impact on the economy like the author claims? If not, what impact do you believe HBS has on the economy?
I don't want to click on that link to give them the page views, the NYT is such crap. I do not even know where to begin in destroying that argument and I don't even go to go HBS.
No, I don't think that could be said of anything tbh. You don't even need to begin to look at his points or even that he's blaming Harvard to see that he's wrong. No one thing is responsible for every bad thing that has happened to the American economy.
Post Hoc Ergo Propter Hoc,
This is to say that A occurs before B. Therefore A is the cause of B.
This is also referred to as a post hoc fallacy. I find that yes, Harvard grads can be blamed for the many things that have happened but it is important to remember, that often times, people who go to Harvard are in high ranking positions.
It can also be said that MANY of these Harvard graduates have gotten us out of these crises.
Lol. yeah let's keep spreading this idea, REALLY ingrain it in peoples' minds, so that by the time I apply, the candidate pool will be significantly smaller thus giving me a better chance of admittance.
STANFORD is a better school than Harvard. You can learn to INNOVATE and DISRUPT the industry while in SILICON VALLEY.
the author obviously has a case of non-target syndrome (NTS)
As an HBS graduate, I have to say that this book is way off the mark. The author clearly had a bias against the school before he began the book (maybe he didn't get in?), and it seems to me that he never made any attempt to really understand HBS in the first place. Blaming Harvard Business School for most of the evils of modern American capitalism is ridiculous. I especially disagree with his contention that an HBS degree is a waste of effort. The place isn't perfect, but for me it was definitely worth the time and the cost. As everyone knows, HBS graduates are smart, highly motivated and skilled at winning, but that doesn't mean they're all trying to win at everyone else's expense. The school also takes social responsibility very seriously, and makes a point of teaching ethics and encouraging students to use their abilities for the good of society as well as to build a successful career.
The author also all but admits that he uses HBS as a stand-in for all top MBA programs, meaning that Stanford, Wharton and Chicago grads, among others, should be just as PO'd as I am.
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