Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
Interpretation
Universities are focused on educating students rather than entertaining others or providing sports careers.
Milton Friedman emphasizes the primary role of universities as institutions dedicated to the education of students, aiming to equip them with knowledge and understanding of fundamental ideas and values. He critiques the tendency to turn educational institutions into venues for entertainment, suggesting that the integrity and purpose of higher education should remain centered on intellectual growth rather than on athletic programs or spectator activities.
In practice
Use this quote in a discussion about the purpose of higher education during a university panel.
The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly what's been happening with drugs?
All my mind was centered on my studies, which, especially at the beginning, were difficult. In fact, I was insufficiently prepared to follow the physical science course at the Sorbonne, for, despite all my efforts, I had not succeeded in acquiring in Poland a preparation as complete as that of the French students following the same course.
An article can be timely, topical, engaged in the issues and personalities of the moment; it is likely to be stale within the month. In five years, it may have acquired the quaint aura of a rotary phone. An article is usually Siamese-twinned to its date of birth.
Free curiosity is of more value in learning than harsh discipline.
Geometry enlightens the intellect and sets one's mind right. All of its proofs are very clear and orderly. It is hardly possible for errors to enter into geometrical reasoning, because it is well arranged and orderly. Thus, the mind that constantly applies itself to geometry is not likely to fall into error. In this convenient way, the person who knows geometry acquires intelligence.
Reviewing good puzzle books is frustrating, because you get to page one of the introduction, find a curious puzzle, become engrossed for 20 minutes, miss your stop and then fail to get home in time to say goodnight to the kids.
Too rarely is the individual teacher so free from the dictation of authoritative supervisor, textbook on methods, prescribed course of study, etc., that he can let his mind come to close quarters with the pupil's mind and the subject matter.
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