Back in the day, American business schools had a tough time fighting their way onto American university campuses. Academics didn’t see what they taught as a serious profession worthy of a spot.

B-schools made their case, arguing they had a science of management and the nation’s greater good at heart. And a million M.B.A.s were born.

Now, a top B-school professor is arguing that business schools have failed in their promise; that they are turning out hedge fund hotshots who don’t build companies but tear them down.

This hour, On Point: B-school backlash, and what’s going into America’s M.B.A.s.

-Tom Ashbrook

Guests:

Rakesh Khurana, associate professor in organizational behavior at Harvard Business School and author of “From Higher Aims to Hired Hands: The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession.”

Edward Roberts, professor of at MIT’s Sloan School of Business and founder and chair of the MIT Entrepreneurship Center.

Tags: business, education, finance