In order to have vigorous and adap'tive academic disciplines it is imperative that there be a continual inflow of new generations of academicians into the university. It is noted that current socio-economic conditions in North America are such that young academicians are not entering the university. The predicted long-term undesirable effects of the above situation are arrived at by considering it in the light of both systems theory and generation theory. In considering the university as a system, it is argued that there must be a greater coordination between the university's goals and purposes and the needs of society if the university system is to regain critical inputs (students, staff, and funds) so necessary to maintain its functioning. Karl Mannheim's theory of generations and social change is applied to that predicted situation where there is no new generation of academicians flowing into the university system. Finally, it is recommended that the basic tenets underlying the discipline of the sociology of knowledge be transformed into normative statements, thereby providing the rationale for greater interaction between society and its institutions of higher learning.