Terry Eagleton said this quote

When they first emerged in their present shape around the turn of the 18th century, the so-called humane disciplines had a crucial social role. It was to foster and protect the kind of values for which a philistine social order had precious little time. The modern humanities and industrial capitalism were more or less twinned at birth. To preserve a set of values and ideas under siege, you needed among other things institutions known as universities set somewhat apart from everyday social life. This remoteness meant that humane study could be lamentably ineffectual. But it also allowed the humanities to launch a critique of conventional wisdom.

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