Social scientists are paying increasing attention to the business
and financial elites: There's a great need to understand who these
elites are, what they do, and what makes them tick, as individuals
but also as a class. By examining elite business schools, the
institutions that train and prepare people to assume important
leadership and decision-making positions in business, finance and
related sectors, we may also learn how the economic elites are
made. A key argument in this book is that elite schools are known
to create powerful groups in society, offering them the
intellectual and analytical means to act as leaders, but, most
importantly, the social, moral and aesthetic skills that are deemed
necessary to exercise power; in all essential respects elite
schools consecrate people. By dominating much of higher education
today, and by doing so in a way that creates and reproduces a
market-based organization and control of society, elite business
schools represent certain interests and ideologies that affect the
lives of most people. In understanding how the modern economy is
run, elite business schools, therefore, represent critical study
objects. This book, based on an in-depth study of the Stockholm
School of Economics (SSE), offers a sociological analysis of the
world of elite business schools. Specifically, this book examines
the consecration of SSE's students from a number of perspectives
and in a number of situations, focusing on student union
activities, school culture, faculty behavior, teaching, courses and
alumni events, noting the symbolic importance of economics and
particularly the school's unique relation among the world's
business schools to the Nobel Prize. The book addresses the topics
with regards to the sociology of elites, management education and
organizational studies and will be of interest to researchers,
academics, and students also interested in business history, higher
education studies, and sociology of education.
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