In a slightly dated article about the decline of universities in Britain, Anthony Grafton defines the mission of the modern university (in bold, below) and then goes on to discuss how recent budget measures in Britain have made it next to impossible for British universities to fulfill that mission:

Universities exist to discover and transmit knowledge. Scholars and teachers provide those services. Administrators protect and nurture the scholars and teachers: give them the security, the resources, and the possibilities of camaraderie and debate that make serious work possible. Firing excellent faculty members is not a clever tactical “disinvestment,” it’s a catastrophic failure.

Are academic salaries really the main source of the pressure on the principal? Vague official documents couched in management jargon are hard to decode. The novelist and art historian Iain Pears notes that King’s has assembled in recent years an “executive team with all the managerial bling of a fully-fledged multi-national, complete with two executive officers and a Chief information officer.” The college spent £33.5 million on administrative costs in 2009, and is actively recruiting more senior managers now. These figures do not evince a passion for thrift. Moreover, the head of arts and humanities proposes to appoint several new members of staff even as others are dismissed. Management probably does want to save money—but it definitely wants to install its own priorities and its own people, regardless of the human and intellectual cost.

Universities become great by investing for the long term. You choose the best scholars and teachers you can and give them the resources and the time to think problems through. Sometimes a lecturer turns out to be Malcolm Bradbury’s fluent, shallow, vicious History Man; sometimes he or she turns out to be Michael Baxandall. No one knows quite why this happens. We do know, though, that turning the university into The Office will produce a lot more History Men than scholars such as Baxandall.

Accept the short term as your standard—support only what students want to study right now and outside agencies want to fund right now—and you lose the future. The subjects and methods that will matter most in twenty years are often the ones that nobody values very much right now. Slow scholarship—like Slow Food—is deeper and richer and more nourishing than the fast stuff. But it takes longer to make, and to do it properly, you have to employ eccentric people who insist on doing things their way. The British used to know that, but now they’ve streaked by us on the way to the other extreme.

Grafton concludes, however, by pointing out that American universities are beginning to take the same approach. Woe is us.