That intellectual capital is highly correlated with growth in incomes is hardly debatable today. university education is therefore a highly sought commodity because it represents good investment. I notice too that many private or publicly-supported universities have established law and business schools with the premise that college education today should reflect the skills that are directly demanded by businesses. Writing here, it appears that John Blundell of the Institute of Economic Affairs thinks that this view is altogether too limited and even uninformed.
"I am not arguing for a university that only trains young people in vocational courses. It is a vulgar error to think universities are merely supply resources for business. A good education teaches critical and lively thinking." John Blundell
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