Politicians, under pressure for some awful action, sometimes play a clever trick: they deny responsibility for a different action, that nobody had accused them of. The supporters of business schools are playing a similar trick at the moment. For two weeks running, The Economist has lambasted critics of business school education for suggesting that scandals such as Enron are the schools’ fault . After all, says The Economist, many bad–guy CEOs never even went to business school. Which is true, and utterly beside the point. The problem with b-schools is not that they breed black-hat bad guys, but that they train thousands upon thousands of future managers to regard human beings as discretionary costs – costs that can be eliminated by a bland-sounding technique, that they all learn by rote, called ‘restructuring’.