ABSTRACT
Students of management all over the world owe a great debt of gratitude to the United States of America for the initiative and vigor with which, during the present century, they have developed a substantial apparatus for teaching this new branch of knowledge. Whereas in 1898, there was in the United States but a single university with a department or division of business administration, 1 today, there are some 600. 2 These cater to the needs of more than 300,000 undergraduate students and of smaller numbers studying for second and third degrees. It has been estimated that by 1970 this figure will have risen to 600,000. 3 As far as my knowledge goes, this achievement in developing educational facilities in a previously unrecognized “discipline” is unique in the history of education anywhere in the world.
