Tim Lee defends academia:
My own tentative theory is that the primary function of an undergraduate education is to allow the student to join a scholarly community, and in the process to soak up the values and attitudes of that community. There are a variety of character traits—intellectual curiosity, critical thinking, self-direction, creativity—that are best learned by being immersed in a community where those traits are cultivated and rewarded. They’re not on the formal curriculum, but they’re implicit in much of what happens on a college campus.
The Dish 