Mar11th2006

Quote Of The Day

“There are other, more subtle problems in writing business history. For one thing, you probably won’t have anyone to talk to in your history department. The academy — unlike the country — is overwhelmingly liberal or left/radical and most faculty members don’t really want to understand any aspect of business. That’s why the history course you took may have mounted a critique of the “consumer culture,” attacking capitalism because it’s so productive of the goods and services that people want. Does that now seem absurd? Of course! But this clever line of reasoning enabled the professoriate to be just as negative about a business system that was successful as they were about one that was mired in depression. This was the academic version of Catch-22″ –Louis P. Galambos, professor at Johns Hopkins and the Maguire Professor at the John W. Kluge Center of the Library of Congress, writing in the Wall Street Journal on the need to study more Business history

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