The paper stresses that today the role given to education tends to circumscribe higher education to a mere and reduced economic function. Globalisation serves as a legitimisation of this role. At a world level, a growing number of higher education institutions define their goals and criteria of efficiency in this perspective. The paper scrutinises the past and future of Thai higher education in the light of the history of western universities.The paper contends that the comprehensive educational reform enacted in 1999, may whether improves the quality of public higher education institutions, or confine them within this too narrow and impoverished economic ambition. The paper claims that this danger has to be urgently assessed and action taken in order to keep it at bay.The paper concludes that, by giving the primacy to microeconomic concerns, that is to individual and corporate interests, universities would let unattended more important social and political concerns. Universities would abandon their historical missions, that of contributing to the improvement of human life by developing human knowledge and that of helping to solve the millenary problem of the relationships between the individual and the society.
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