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The medieval university flourished at the time that craft guilds were quite influential, and the early university clearly was influenced by the guild system. That influence remains quite evident today. For example, Ph.D. students are the parallel to craft guild apprentices, untenured assistant professors are the parallel to the journeymen, and tenured faculty members are the parallel to the masters. However, craft guilds were monopolies, and monopolies have to be controlled if they are to serve the public good. In the guild system, this control had two parts. First, the local municipality approved the guild’s monopoly, and the approval was at risk of being revoked. Second, each guild kept tight control on its members. This guild monopoly has important implications today in the university in general and in the business school specifically.
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- Medieval Craft Guilds Died Out in Business, but They Are Alive and Thriving in Business Schools
Edward W. Miles
- Chapter 3
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