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Universities exist within the river of time, so we have treated
them historically. They have stood since Magna Carta, with their
structures essentially unchanged. Universities are also
institutions, so we have examined their functions. The three basic
functions, educating the faculty, teaching the students, and
collecting knowledge, remain robust. Universities are an
existential necessity in western culture. They produce the
essential knowledge, technology, and skills necessary for an
industrial society. Money is, and always has been, the main problem
within universities. Education is hideously expensive. Most of the
problems that critics point out can be traced to a lack of money.
These critics also often complain that universities are in crisis.
In fact, see no sign of this apocalypse. Universities are doing
pretty well. They produce an immense amount of knowledge and
technology. The faculty teaches pretty well, the students are
learning (at least something), and the only permanent problem is
inadequate funding.
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