[Cincinatus' Wife]

......Another problem with today’s academic world is the perception that one must have a PhD to be qualified to teach. Most of the professors in business school today have PhD’s and zero experience working in a real private sector job. I’m amazed to see people teaching “entrepreneurialism” who went from undergraduate school to a PhD program and then wrote papers about what it takes to be an entrepreneur in order to achieve tenure. These schools should be begging real entrepreneurs who are actually starting and building businesses to instruct students. Instead schools are fixated on academic credentials.

....."Perry continued on the intellect theme, explaining why he thinks it’s a problem that many of Obama’s advisers come from academia.

"They have gone to some great schools and they are intellectually smart, but he does not have wise people around him ... He has listened to smart people but nobody who has real wisdom," Perry said." Rick Perry deals with the ‘dumb’ question

[Soul of the South]

.....”Perry continued on the intellect theme, explaining why he thinks it’s a problem that many of Obama’s advisers come from academia.

“They have gone to some great schools and they are intellectually smart, but he does not have wise people around him ... He has listened to smart people but nobody who has real wisdom,” Perry said.” Rick Perry deals with the ‘dumb’ question”

A few years ago my department hired a young business student from a local public university to be a summer intern. I asked him about his classes. He told me without exception his best courses were the ones taught by the adjunct lecturers who were retired business people. They punctuated their lectures and class discussions with real life experiences from the business world. The student said he retained and often thought about many of those examples while he couldn’t remember most of what the PhD full professors said once he left their classroom.

Imagine if a state university restructured its business school program, firing all of the academics, and staffing the program with experience businesspeople and real entrepreneurs. The level of education would rise dramatically and the cost of the program would decline as the instructors would be focused on teaching, not publishing. No doubt the accrediting agency would immediately revoke the school’s accreditation.