His point about the declining value of business school in particular is nominally sound, but he pinpoints the wrong source of the problem.<p>The problem with business school is that it's started seeing itself in competition with law school, and accordingly, it's started focusing on younger and younger candidates. Average ages of first-year MBA students have been getting younger, especially at the top-tier programs like HBS and Stanford.<p>This is, quite frankly, defeating the original purpose of business school: to be a finishing school, and not a preparatory school. Back in the day, you got an MBA because you had learned a thing or two in your work experience, and would like to reflect on it through the prism of various frameworks, theories, and leaders. But it was critical that you <i>had</i> an empirical knowledge base to work with, or else the lessons were vague and meaningless. The topics demanded practical knowledge of the general subject.<p>Today, b-school is trying to position itself as an entry vehicle into the working world. You graduate, you go to b-school, you learn some mumbo-jumbo about how this whole working world -- which you've never experienced -- is supposed to work. And then you get sent off into that world, ready to be an entitled prick and piss off everyone around you who has actually experienced the real thing. People who will laugh at your frameworks and your theories, because they've heard them from the last 20,000 MBAs who came before you.<p>B-school can still be relevant in today's business world, and in the business world of the future. But it needs to decide what it wants to be. And, whatever that is, it should be something more than simply an alternative to law school for 22-to-25-year-olds.