That utilitarian worldview is a slippery slope. History, classics, literature, pure maths, theoretical physics... don't offer inmediate economic benefit to individuals or society, but they are still knowledge and the must be protected. The University is not a factory of workers.
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Replying to @Desvelandorient
Many will still study liberal arts in droves, even if they have to pay for it themselves. People naturally gravitate toward such subjects. What's needed is to help out those people who want to make tangible contributions to society.
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Replying to @G_S_Bhogal
I'm a historian. I help you to understand the present. I help you not to misrepresent the past. Why should my discipline not be funded? Do economics and political science contribute to society? What is a tangible contribution to society? Who decides that?
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Supply and demand should regulate such things. History is useful and important, and if there ever became a shortage of historians, it would make sense to fund more of them. But until then, it makes sense to prioritize those topics that could make the most impact on society.
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