The formation of the Council for the Defence of British Universities is a welcome response to their present and future plight, and both Howard Hotson and Keith Thomas have made powerful defences in the LRB of the indispensable moral and intellectual values which the universities represent. A problem, however, is that the people who now determine the universities’ funding seem largely impervious to these defences. They hold the view that such values somehow come at the expense of the universities’ place in the real world: in other words they conflict with the universities’ ability to make money for themselves and for the economy. They take their stand on the ‘common-sense’ argument that the universities must justify their existence to the tax-payer and they must do so now. The criterion, they argue, by which we measure such justification is the contribution the universities do or do not make to the economy and to business; and, above all, to the market. This argument, if expressed properly, is not unfair. It is entirely reasonable to expect the universities to play their part in the country’s economic well-being and to wonder how that part might best be played. We should, therefore, be prepared to meet those who today make funding policy on their own ground. What we find, alas, is that the ‘evidence’ they employ is rarely evidence at all. On the contrary, it is often ideological assertion and wishful thinking.