"The university's business is the conservation of useless knowledge; and what the university itself apparently fails to see is that this enterprise is not only noble but indispensable as well, that society can not exist unless it goes on"

Albert J. Nock's quote speaks to the significance of universities and the knowledge they save. He argues that universities are engaged in a noble enterprise, one that is vital for society to exist. He suggests that universities are not only protecting knowledge, however also producing it. He implies that universities are not just important for the understanding they supply, but also for the method they form society. He recommends that universities are vital for the development of society, which without them, society would not exist. He also suggests that universities need to be valued for their contribution to society, and not simply for the understanding they offer. Ultimately, Nock's quote talks to the importance of universities and the knowledge they save, and the role they play in the development of society.