Laurie Taylor examines the role of business schools in the UK and abroad.

Martin Parker joins him in the studio to discuss the arguments in his book Shut Down the Business School - What's Wrong with Management Education. Laurie is joined on the line from New York by the author of The Golden Passport - Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite, Duff McDonald. Are there similarities between the American business school model and its British counterpart?

With some MBAs costing in excess of £75,000 in the UK, what is the lure for prospective students and is the qualification worth the money? Or should we be thinking beyond the monetary value of MBAs and focus instead on what MBA graduates could be giving back to society and the importance of corporate responsibility? Maeve Cohen is the Director of Rethinking Economics, an organisation which argues for a change in the way that economics is taught and calls for more diversity and historical context in the economics curriculum, and she also joins the discussion.