What is the university?

I liked this letter, both for its style and its description of how a university functions:

The university is essentially a medieval institution, a bazaar of intellectual goods hawked by hoary promulgators of many divergent truths. It mysteriously produces, after four years, educated people — university graduates. No one has ever figured out another way to do this. However, the university cannot survive without government funding (replacing the church support of medieval times), contingent upon compliance with an array of complex regulations and laws. This has given rise to an entrenched quasi-governmental bureaucracy of managers.

The tenure system — antiquated, ritualistic and of course unfair — by its very quirkiness protects the academic side from being engulfed by the administrative side, as does the independence of departments. Without these inefficiencies, universities would become little better than branches of government, and the variegated thread to our cultural past would be broken. As long as we don’t tamper too much with the core model, we can limp along and pass something of value on to our children, so they can complain bitterly, in their turn, about the cumbersome, inefficient, unfair and bizarre institution called “the university” (and become educated in the process).