But it is not the total case. In the larger sense both the private university and the business corporation are partners in the same enterprise -- the pursuit of the common good. The university, with the advantage of detachment and of objectivity, engages in scholarly pursuits aimed at the expansion and transmission of knowledge, at the critical examination of our social institutions and the creation of constructive concepts for the enrichment of mankind -- physically, scientifically, socially, and morally. The modern, successful corporation is an incredibly valuable social organism. It is the primary tool by which the output of the university is translated from thought to action for the benefit of all. In the developed world, it has helped raise the standard of living for millions of men and women to historically unprecedented levels of affluence. It has created the abundance which makes it possible for the advantaged nations to assist underdeveloped countries. It has forged the wealth that permits government -- through sensible taxation policies --to enlarge the opportunities of those citizens who might not otherwise share reasonably in the nation's progress. The corporation is not without its weaknesses -- no human society is -- but the responsible corporation is one of mankind's most spectacularly efficient social mechanisms for getting important things done. And while profitability remains not merely the essential element of a corporation's viability, but serves as well as a powerful incentive -11-