During the Fall 2009 semester, CEE sponsored two essay contests. Cash prizes were awarded to the first place winners and honorable mentions in each contest. The essays were judged on their accuracy and depth of interpretation and their independence of thought.

The first contest was held in Professor Stephen Hicks’s Introduction to Philosophy course. Students were asked to write about the truth or falsity of the following Shakespeare line from Act II of Hamlet: “This above all: to thine own self be true / And it must follow, as the night the day, thou canst not then be false to any man.” Students related this line to one or more of their course books — Plato’s Apology and Crito, Ayn Rand’s The Fountainhead, and René Descartes’ Meditations. Congratulations to our five winners!

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The second contest was held in Professor Shawn Klein’s Business and Economics Ethics course. Students were asked to defend or criticize the following claim made by the character Gordon Gecko in the movie Wall Street: “Greed, in all of its forms—greed for life, for money, for love, knowledge—has marked the upward surge of mankind.” Congratulations to our three winners!

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Dr. Stephen Hicks, CEE’s Executive Director, talks with Dr. Jerry Kirkpatrick, a Fall 2009 CEE guest speaker, about his book, In Defense of Advertising. Dr. Kirkpatrick addresses several typical criticisms of advertising and explains why advertising is important to a healthy, productive capitalist society.

Watch Parts I & II of the interview below.

Part I:

Dr. Stephen Hicks, CEE’s Executive Director, talks with Fall 2009 guest speaker Dr. Jerry Kirkpatrick about his recent book, “Montessori, Dewey, and Capitalism”. Dr. Kirkpatrick compares and contrasts the educational philosophies and methods of John Dewey and Maria Montessori, and discusses the potential benefits of such methods in a capitalist society.

Dr. Stephen Hicks, CEE’s Executive Director, talked recently with Fall 2009 guest speaker Dr. Jerry Kirkpatrick about why having a philosophical background helps businesspeople attain greater clarity and confidence in making important, ethically-charged decisions. Below are parts I and II of the interview.

Part I:

Part II:

CEE’s Stephen Hicks’s essay on “What Business Ethics Can Learn from Entrepreneurship” [pdf] was published in the Spring 2009 issue of the Journal of Private Enterprise, edited by Edward Peter Stringham.

The abstract:

“Entrepreneurship is increasingly studied as a fundamental and foundational economic phenomenon. It has, however, received less attention as an ethical phenomenon. Much contemporary business ethics assumes its core application purposes to be (1) to stop predatory business practices and (2) to encourage philanthropy and charity by business. Certainly predation is immoral and charity has a place in ethics, but neither should be the first concerns of ethics. Instead, business ethics should make fundamental the values and virtues of entrepreneurs — i.e., those self-responsible and productive individuals who create value and trade with others to win-win advantage.”

Dr. Stephen Hicks was invited to speak at three conferences over the past few months. In September, he was a special guest speaker at the Fiserv Connect Forum in Orlando, Florida, where he discussed “Innovation, Ethics, and ‘Creative Destruction.’” In July, he delivered two lectures on “Capitalism and Art in Contemporary America” at The Atlas Society’s summer seminar in Portland, Oregon. And in June he gave a talk on “The Role of Outside Donors in the College Curriculum,” at the International Association for Business and Society’s 2008 conference in Tampere, Finland.

On April 5, Professor Stephen Hicks spoke at the annual conference of the Association for Private Enterprise Education on the topic “What Ethics Can Learn from Entrepreneurship.” The conference was held in Las Vegas, Nevada.

Professor Stephen Hicks will teach a new course this fall 2008 semester at Rockford College: Entrepreneurship and Ethics. The purpose of this course is to integrate entrepreneurship, business history, and business ethics. It will consist of case studies of major entrepreneurs in modern history, e.g., Commodore Vanderbilt, Andrew Carnegie, John D. Rockefeller, Samuel Insull, John Johnson, Martha Stewart, Bill Gates, and others. Part of each case study involves learning the entrepreneur’s business practices and how he or she achieved business success. What traits and practices did they have: intelligence, risk-tolerance, leadership, ambition, ruthlessness? And part of each case study will involve learning about the ethical controversies their activities generated: Were they “predatory competitors,” “monopolists,” “robber barons”—or were they extraordinarily productive individuals who benefited both themselves and their customers? Students read and analyze business histories and biographies by both proponents and detractors. See the Entrepreneurship and Ethics course flyer.

Rockford College philosophy professor Stephen Hicks’s essay entitled “Ethics and Economics” was published in The Concise Encyclopedia of Economics, edited by David Henderson, Ph.D. The Concise Encyclopedia of Economics is the second edition of The Fortune Encyclopedia of Economics, which was published to acclaim in 1993, and includes essays by “Nobel Prize winners Gary Becker and George Stigler, former presidential economic advisors, financial columnists, and economists such as Armen Alchian, Don Boudreaux, Deepak Lal, Anna Schwartz, Lawrence Summers, and Murray Rothbard.”

Philosophy professor Stephen Hicks gave two invited talks this month. On November 13th, he spoke at the University of Texas, Austin, on the impact of Galileo Galilei and John Locke; the title of his talk was “Philosophy and the Early Modern Revolution in Religion.” On November 15th, he spoke at Hampden-Sydney College in Virginia on the topic of the fiftieth anniversary of Ayn Rand’s philosophical novel, Atlas Shrugged; the theme of the conference was “The Continuing Relevance of Atlas Shrugged.”