ECP 3009 - Moral Foundations Of Capitalism

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ECP 3009 - Moral Foundations of CapitalismECP 3009: Moral and Ethical Foundations of CapitalismSpring 2014 - CRN10341Class Meetings: Tuesday and Thursday from 11:00 a.m. until 12:15 p.m.Class Room: Lutgert Hall 1205All Nazicoins wereminted withthison the edge:“Geneinnutzgeht ore theindividual.”Professor: Bradley K. Hobbs, Ph.D.Phone: 590-7162 (Voice Mail available at all hours.)E-mail: bhobbs@fgcu.eduhome page: http://itech.fgcu.edu/faculty/bhobbs/Office: Lutgert Hall 3366Office Hours: Monday and Wednesday 11:00 a.m. - noon and by appointment.A course syllabus is your primary reference for any course. It tells you what the professor expects from you and from himself or herself. If you have a question concerningthe workings of the course, turn to this reference first. It represents the "rules of the game" so to speak. If you want clarification or have a question which you feel is notadequately addressed - by all means ask now! By virtue of remaining in this course you have provided implicit agreement with the policies and procedures laid out in 9.htm[1/30/2014 2:03:57 PM]

ECP 3009 - Moral Foundations of CapitalismThe Atlas Shrugged readings will be discussed in the last 30 minutes of the second class meeting of eachweek. Hence, you can read the chapters from Atlas mid - week if you so wish.Note - All readings are subject to revision by prerogative of the instructor by Thursday of the previousweek.Theme: Introduction - Syllabus - OverviewRead for Tuesday - the FIRST class meeting:(1) BB&T - The BB&T Philosophy (Values)(2) Allison and Congress - On the Bailout(3) Rand, Ayn. "Man's Rights" 1963 (In the appendix ofWeek 1Jan 7 2014 2:03:57 PM]

ECP 3009 - Moral Foundations of CapitalismMichael Strong - The Habit of Thought Chapter Two: On Socratic Seminaror this You Tube link: Chapter 2 - http://www.youtube.com/watch?v eu LHuQDesThree-Minute Philosophy: John LockeRand, Ayn. Atlas Shrugged, Part I, Chapters 5-6Theme: Historical FoundationsRead:1.) Adam Smith, Book I Chapters 1-3 An Inquiry into the Nature and Causes of The Wealth of Nations found athttp://www.econlib.org/library/Smith/smWN.html* Here is a Study Guide for this section.Book IOf the Causes of Improvement in the productive Powers of Labour, and of the Order according to which itsProduce is naturally distributed among the different Ranks of the PeopleChapter I - Of the Division of LaborChapter II - Of the Principle which gives Occasion to the Division of LabourChapter III - That the Division of Labour is Limited by the Extent of the MarketSTOP - DO NOT READ Chapter IV - Of the Origin and Use of Money2.) Plus this selection from The Wealth of Nations* There is no Study Guide for this section - read and summarize the major point(s) of each of the three sections.Week 33.) Adam Smith, Part IV Chapters 1 and 2 of The Theory of Moral Sentiments found at:Jan 21 & http://www.econlib.org/library/Smith/smMS4.html* Here is a Study Guide for this section.23Part IVOf the Effect of Utility upon the Sentiment of ApprobationChapter 1 - Of the beauty which the appearance of Utility bestows upon all the productions of art, and of theextensive influence of this species of BeautyChapter 2 - Of the beauty which the appearance of Utility bestows upon the characters and actions of men; andhow far the perception if this beauty may be regarded as one of the original principles of approbation4.) Plus this selection from The Theory of Moral tm[1/30/2014 2:03:57 PM]

ECP 3009 - Moral Foundations of Capitalism* Here is a Study Guide for this sectionWatch:Giants of the Scottish Enlightenment, Part Two: Adam Smith at LearnLiberty.orgMichael Strong - The Habit of Thought Chapter Three: On Socratic Seminaror this You Tube link: Chapter 3 - http://www.youtube.com/watch?v Taz4u4oDL60Rand, Ayn. Atlas Shrugged, Part I, Chapters 7-8Theme: Careful! The Doorknob is Hot.*(*Quoting my friend Mike Yashko.)Read:Why I am an Anarcho-CapitalistLlewellyn H. Rockwell, Jr.Objectivism and the State: An Open Letter to Ayn RandThe Great Political Superstition 4.1 through 4.63Spencer, Herbert, The Man Versus The State, with Six Essays onGovernment, Society, and Freedom. 1992. Library of Economics andLiberty. 8 December 2011.Week 4 MvS.html .Jan 28 & No Treason: The Constitution of No AuthoritySpooner, Lysander. 1870.29Watch:Michael Strong - The Habit of Thought Chapter Four: On Socratic Seminaror this You Tube link: Chapter 4 - http://www.youtube.com/watch?v vO9TVPs78PUFurther Readings? Spencer is in some ways a founder of anarchocapitalism(a position that Rand, by the way, abhorred.) Want to read more aboutanarchocapitalism? he Right to Ignore the StateSpencer, Herbert. Reprinted from Social Statics, 1850 Edition.Rand, Ayn. Atlas Shrugged, Part I, Chapters 9-10Theme: Fact and Fallacy - What do "we" really know about economics?Information about our author this week: Frederic BastiatRead:(1) Bastiat, Frederic, Economic Sophisms. A Petition The Foundation for Economic Education, Inc. 1996. Trans. and /2014 2:03:57 PM]

ECP 3009 - Moral Foundations of CapitalismArthur Goddard. Library of Economics and Liberty. 1 August 2007.Week 5 ml .Feb 4 & (2) Bastiat, Frederic, Selected Essays on Political Economy. What is Seen and What is Not Seen The Foundation forEconomic Education, Inc. 1995. Trans. Seymour Cain. Ed. George B. de Huszar. Library of Economics and Liberty. 16August 2007. l .Listen:Listen to this NPR story and critique it after reading "What is Seen and What is Not Seen" for class discussionECONTALK with Russ Roberts and Mike Munger on "The Political Economy of Public Transportation"Rand, Ayn. Atlas Shrugged, Part II, Chapters 1-2Theme: Institutions and LawWeek 6 Read:(1)Bastiat, Frederic, The Law Pages 1-32 stopping at"Rousseau and Social Democracy"Feb 11(2) Bastiat, Frederic, The Law Pages 32-58 stopping at the end of "Let Us Now Try Liberty!"& 13Reading is a bit lighter than usual this week because your Midterm Paper should be written by the end of Week 6. Use thenext week to polish, edit and hone that paper.Rand, Ayn. Atlas Shrugged, Part II, Chapters 3-4Theme: Institutions and LawRead:Week 7 (1) Bastiat, Frederic, The Law Pages 32-58 stopping at the end of "Let Us Now Try Liberty!"Feb 18& 20(2) Friedman,Milton. (2002). Capitalism and Freedom. Chapter 1- "The Relation Between Economic Freedom and PoliticalFreedom". Chicago: University of Chicago Press, 1962, pp. 7-17Listen:ECONTALK with Russ Roberts and Milton Friedman on Capitalism and FreedomRand, Ayn. Atlas Shrugged, Part II, Chapters 5-6Midterm Examination on Thursday, February 27Theme: Fact and Fallacy - What do "we" really know about the relationship between politics andeconomics?Week 8 Tuesday: Politics and EconomicsFeb 25& 27Read:(1)Caplan, Bryan. The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Chapter 2, pages 23-49. ForDr. Hobbs' /2014 2:03:57 PM]

ECP 3009 - Moral Foundations of Capitalism(2) Cox, W. Michael and Richard Alm. How are we doing? 2 pagesThursday: Midterm Examination over materials thus far.Rand, Ayn. Atlas Shrugged, Part II, Chapters 7-8SpringBreakNO CLASSESMarch 3-8Theme: Conflicting Visions: Critics and Supporters of Capitalism"When he (Sripati Chandrasekh who was appointed Minister of Health and Family Planning by Prime Minister IndiraGandhi in 1967) suggested sterilizing all Indian males with three or more children, we should have applied pressure on theIndian government to go ahead with the plan. We should have volunteered logistic support in the form of helicopters,vehicles, and surgical instruments. We should have sent doctors to aid in the program by setting up centers for trainingpara-medical personnel to do vasectomies. Coercion? Perhaps, but coercion in a good cause. I am sometimes astounded atthe attitudes of Americans who are horrified at the prospect of our government insisting on population control as the priceof food aid. All too often the very same people are fully in support of applying military force against those who disagreewith our form of government or our foreign policy. We must be relentless in pushing for population control around theWeek 9 world."Ehrlich, Paul. 1968. The Population Bomb. New York: Ballantine Books. pp. 165Mar 11 166.& 13Read:Sowell, Thomas. A Conflict of Visions: Ideological Origins of Political Struggles, Chapters 1,2,3Watch on You Tube:20/20 - Politically Incorrect Guide To Politics - Pt. 1 of 620/20 - Politically Incorrect Guide To Politics - Pt. 2 of 6Rand, Ayn. Atlas Shrugged, Part II, Chapters 9-10Theme: Conflicting Visions: Critics and Supporters of CapitalismWeek 10 Read:Sowell, Thomas. A Conflict of Visions: Ideological Origins of Political Struggles, Chapters 4,5,6Mar 18& 20Watch on You Tube:20/20 - Politically Incorrect Guide To Politics - Pt. 3 of 620/20 - Politically Incorrect Guide To Politics - Pt. 4 of 6Rand, Ayn. Atlas Shrugged, Part III, Chapters 1-2Theme: Conflicting Visions: Critics and Supporters of CapitalismWeek 11 Read:Sowell, Thomas. A Conflict of Visions: Ideological Origins of Political Struggles, Chapter 7,8,9Mar 25& 27Watch on You Tube:20/20 - Politically Incorrect Guide To Politics - Pt. 5 of 014 2:03:57 PM]

ECP 3009 - Moral Foundations of Capitalism20/20 - Politically Incorrect Guide To Politics - Pt. 6 of 6Rand, Ayn. Atlas Shrugged, Part III, Chapters 3-4Theme: Critics of CapitalismJohn Stuart Mill in On Liberty:"He who knows only his own side of the case knows little of that. His reasons may be good, and no one mayhave been able to refute them. But if he is equally unable to refute the reasons on the opposite side, if he doesnot so much as know what they are, he has no ground for preferring either opinion.”Tuesday, April 1, Guest Lecturer: Professor Kevin Aho, Philosophy, FGCUWeek 12 "Time in Turbo-Capitalist Economies"Apr 1 & Thursday, April 3 Guest Lecturer: Professor Sean Kelly, Philosophy, FGCUEngels, Frederick. “The Principles of Communism” & George Bataille.3Read:(1) Engels, Frederick. “The Principles of Communism,” 7/11/prin-com.htm(2) George Bataille. The Notion of Expenditure.(3) Start Reading Liberalism: The Classical Tradition by Ludwig von Mises. We will discuss it in two weeks.Watch:The Story of StuffRand, Ayn. Atlas Shrugged, Part III, Chapters 5-6Theme: Conflicting Visions: The Great Depression and Central Planning and Creative DestructionTuesday: The Advent of Central Planning in the U.S.Read:(1) Rexford G. Tugwell "The Principle of Planning and the Institution of Laissez Faire"Listen:ECONTALK with Russ Roberts and Eric Rauschway on The Great Depression and the New DealECONTALK with Russ Roberts and Bob Higgs on The Great DepressionThursday: Schumpeterian Creative Destruction(2) This short piece I wrote for IHS on Creative Destruction 3 pages(3) Capitalism: Its Nature and Demise (Abridged version of the full reading below.) 12 30/2014 2:03:57 PM]

ECP 3009 - Moral Foundations of Capitalism(4) McKinsey Report on Creative Destruction 18 pagesListen:ECONTALK with Russ Roberts and Thomas McGraw on Schumpeter, Innovation, and Creative DestructionWatch: RE: The Make Work BiasWeek 13Apr 8 &10FUN: Watch a video clip or two from Art Diamond on Creative ching.htmlSuggested extra reading if you are interested:Schumpeter: In His Own Words 7 pagesSchumpeter, Joseph. (1952) Capitalism, Socialism and Democracy, Part II - Can Capitalism Survive? Chapters: XI- TheCivilization of Capitalism, XII - Crumbling Walls, XIII - Growing Hostility, XIV - Decomposition. New York: Harper &Row, pages 121-165.Rand, Ayn. Atlas Shrugged, Part III, Chapters 7-8Term Paper Due in Turnitin by 11:55 p.m. on Thursday, April 17, 2014Week 14Apr 15& 17Theme: Human ActionRead:Liberalism: The Classical Tradition by Ludwig von MisesWe beagn reading this book two weeks ago and will spend the week discussin it in its entirety.Rand, Ayn. Atlas Shrugged, Part III, Chapters 0/2014 2:03:57 PM]

ECP 3009 - Moral Foundations of CapitalismTheme: Smoke or Mirrors? Our Leaders and OurselvesRead:Week 15 Reflections of a Nobel Laureate: Mario Vargas Llosa Confessions of a LiberalApr 22& 24Buchanan, James M. (2005) Afraid to be free: Dependency as desideratum. Public Choice, (124): 19-31.Watch: take-you-fight-your-libertyFinal Examination - Take-Home Component1. The Take-Home Component is due by the start of class on Thursday, April 24. This is to be turned in to theTurnitin Drop Box.Week 16 Final Examination - In-Class Component2. The In-Class Component of the final examination is Monday, May 5, from 10:30 a.m. - 1:15 p.m. in Lutgert Hall1205Graded AssignmentsPercentof Final CoverageGradeDate DueFor what is considered good class participation seethe class participation guidelines at this linkClass Participation15%Random In-Class Reading Quizzes will be givenperiodically. They will consist of one to threequestions.Entire CourseThursday, February 27, 2014Celebration of Learning(Midterm Examination)25%In class covering all course materials assigned thusLH 1205far.The Term Paper is due by 11:55 p.m. onThursday, April 17.Term Paper30%Late papers lose one letter grade each day. Theserubric criteria is used in grading your papers.This is to be turned in to the Turnitin dropbox.Final ExaminationCelebration of Learning( Final Examination)30%Take-Home Component (15%) andIn-class Component 30/2014 2:03:57 PM]Take-Home Component (Essay):Hand out to students on Thursday, AprilLate take-home essay papers lose one letter grade 17 and due by 11:55 p.m. on Thursday,April 24.each day.In-class Component (Multiple Choice andShort Answer): Monday, May 5, in Lutgert

ECP 3009 - Moral Foundations of CapitalismHall 1205.Class participation (15%) :This course is a seminar course where you have a deep responsibility to engage. You can only do this by reading and coming to class prepared to discuss the materials thatare assigned. Each class meeting you need to bring three written questions to pose to the group directly pertaining to the assigned Readings that day. It is limited to onepage. At the top of the page list your name, roster number (it will be assigned), and the date of the class meeting. I will then use some of these questions to spur discussionamong you and your classmates.Your Professor will assign a subjective class participation grade based upon your individual contributions to this course. For what is considered good class participation beyond bringing these questions to class each meeting - see the class participation guidelines at this linkFinal Examination (30%):There is only one examination in this course and I prefer to call it a "Celebration of Learning". It will occur at the end of the course. Your Final Examination has twocomponents: (1) a take-home essay section (15% points), and (2) an in-class multiple-choice section given during our scheduled final during final's week (15%). The TakeHome component's due date is listed on TurnItIn and in the table below.Papers (55%):The course requires two papers: a midterm paper (25%) and a final paper (30%). The midterm paper is due on Thursday during week 8 and the final paper is due onThursday of week 13, respectively. Actual due dates are listed on TurnItIn and in the Table below. You can select any topic in the readings we are doing that you choose.Options for the Final Paper1) An original paper of your choosing with the topic approved by your professor.2) The book review that is available to you on the Midterm Paper is not an option for the Final Paper.3) IF you have already read Atlas Shrugged you can write one your papers on the annual Ayn Rand Institute's Atlas Shrugged Essay Contest. I also am periodically aware ofother essay contests that I will announce in class or you may find one on your own. I will consider these too if you so wish.4) Papers are limited to ten (10) pages. Any pages after the page limit will not be read. A crucial part of writing is to be concise. All papers must be typed, and doublespaced with the pages numbered. The paper must follow MLA style. An excellent web source for following the MLA style is here. An excellent web source for followingthe APA style is here. If you have grammatical questions I suggest Grammar Girl as a good online source.Other important notes on these Papers1) The top original papers should be targeted for publishing in an undergraduate research journal such as the Journal of Liberty & Society.2) Whatever you choose, the paper MUST be based on REASON not emotive feelings - this is the only topic requirement. Defend your position(s) rationally.3) Late papers lose one letter grade each day.4) Here is a step-by-step instruction sheet for the process of turning in the paper.a) Print out these files - Grading Rubric and Proof Reading Marks- and read the files carefully.b) All papers must be run through Turnitin.com a site that checks your work against all work on the web and all papers in their data base for plagiarism.It is also a grading platform that I will use to give feedback. When asked to "Submit Title" please label the paper thus: "Last Name, First Name - Titleof your Paper". For example, if I wrote a paper on titled "Libertarian Themes in South Park" I would submit the title as "Hobbs, Brad - LibertarianThemes in South Park". Here is a video of the general steps you will need to take. http://www.youtube.com/watch?v dl3zYA1og 014 2:03:57 PM]

ECP 3009 - Moral Foundations of CapitalismThe Class ID for this course is: 7442480The Enrollment Password is: HobbsStudents agree that by taking this course all required papers may be subject to submission for textual similarity review to Turnitin.com for the detection of plagiarism. Allsubmitted papers will be included as source documents in the Turnitin.com reference database solely for the purpose of detecting plagiarism of such papers. use of theTurnitin.com service is subject to the Terms and Conditions of Use posted on the Turnitin.com site.Class Assignments on TurnItInNumber12Assignment NameTake-Home Final ExaminationTerm PaperMissed Examinations or Assignments:A student must complete the exams at the scheduled times on the scheduled dates or provide written documentation of an Authorized Absence or Excused Absence (FGCUCatalog p.39). An Authorized Absence is due to participation in a sponsored activity that has been approved in advance by the program director and the appropriate studentaffairs officer. An Excused Absence is due to other causes, such as illness, family emergency, death in the family, or religious holiday. A student seeking an ExcusedAbsence must obtain documentation such as a physician's statement, accident report, or obituary.If you miss an examination due to an Authorized Absence or an Excused Absence I must have a email or phone call before or during the assessment event - simply notshowing up earns a grade of "0" on on any examination or assignment. My email is bhobbs@fgcu.edu and my phone number is 590-7162: voice messaging is available at alltimes. Where I have been notified as explained above, the points for the missed examination will be calculated as the average of your other two examination scores. If youmiss two or more examinations you will receive a grade of "0" on both of them and you will receive an "F" in the course.A missed Final Examination will: (1) lead to an assigned grade of "incomplete" so long as I am contacted prior to the examination as noted above and, (2) require you totake a makeup examination and complete the examination prior to the university's deadline for making up an incomplete. It is your responsibility to contact me andcoordinate the process of the makeup examination and the grade change. All incomplete's not completed by the university's deadline automatically become an "F".Assignments other than examinations (e.g., papers and presentations) lose 10% or one letter grade per day. If a group presentation is required your failure to participate init earns you an automatic "0" for the presentation portion of that assignment.Late quizzes or Sapling or Aplia homework's earn a score of "0".Examination Grade Challenge Policy:When an exam is handed back we will go over it in class and you will hand it back in during class. Once the examination is handed back to you there is a one-weekcooling-off period. Then you can make an appointment with me to come by during office hours and challenge my grading but be prepared. At two weeks after theexamination is returned to you, grades on all examinations and assignments are finalized.Electronics in the Classroom:One must focus to do university-level work in this field of study. You may use a tablet or laptop unless I catch you using it for anything else but the class work. Then youwill lose the privilege. USING ANY OTHER ELECTRONIC DEVICE INCLUDING PHONES IS PROHIBITED DURING CLASS MEETINGS. Failure to comply withthis rule has the following consequence: any infraction will lead to you being identified as the person responsible for the Pop Quiz that the entire class will take as a result ofyour action. These quizzes will be included in your homework grade (Hat Tip to Professor [1/30/2014 2:03:57 PM]

ECP 3009 - Moral Foundations of Capitalismscheduled on a major religious holy day. A student who is to be excused from class for a religious observance is not required to provide a second party certification of thereason for the absence.The eight questions you should never ask your professorIf you were to ask me any one of these, my standard responses follow.1. Will I miss anything by not being in class tomorrow? Of course you will miss something by not being in class: Unless I am already wasting my time and yours.2. May I hand in this assignment late? Deadline. Think about the word dead; and then the word line.3. Is this good enough for full credit? You are a university student and should be developing that assessment yourself. This is how it works: You hand it in and I gradeit.4. Since I got such a poor score can I resubmit it? I neither "give" grades nor do I fail students. Every score - poor or great - that I record, you earned. I certainlyapplaud students who do poorly and then go back to learn from their mistakes on examinations, but your initial grade stands.5. Is there anything I can do for extra credit? You aren't doing so well on the regular credit - I'd hate to load you up with anything extra.6. Will this be on the examination? Perhaps. Anything we cover or that is assigned in this course is fair game.7. Are you busy? Sure am! I have a galloping career that involves teaching, service, and research. However, I have a duty and an obligation to respond to yourinquiries and concerns. I have set office hours aside for that purpose and will make appointments outside of office hours.8. "I knew the material; I just don't test well." Yes, I know, I graded it. Realize that you must also be able to communicate your knowledge. There are three steps onthe road to understanding a corpus body of knowledge: acquisition, retention, and application. You may also be overestimating how well you know the materialsbecause you have stopped too early in this process. See this link! And this one!NOTE: The schedule and coverage in this course are subject to change in the event of changing circumstances. Procedural aspects of the syllabus are set in concrete.Web page Last Updated on January 10, 2014 FGCU 1997. The framework and images are those of an official FGCU web page. Bradley K. Hobbs, Ph.D. 2001. All written portions of this work are those of Bradley K. Hobbs and his alone.Intellectual property rights are claimed over my intellectual product (Read "Capitalism" by Ayn /30/2014 2:03:57 PM]

(3) Rand, Ayn. "Man's Rights" 1963 (In the appendix of Capitalism: The Unknown Ideal) * Here is a Study Guide for this reading. Read for Thursday (Second class meeting): (1) Rand, Ayn. "The Nature of Government" 1961 (In the appendix of Capitalism: The Unknown Ideal) * Here is a Study Guide for this reading.

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Rand, Ayn. "Man's Rights" 1963 (In the appendix of Capitalism: The Unknown Ideal) Rand, Ayn. "The Nature of Government" 1961 (In the appendix of Capitalism: The Unknown Ideal) Read for Thursday (Second class meeting): BB&T - The BB&T Philosophy (Values) Ayn Rand, Capitalism: The Unknown Ideal, Chapter 1 - What is Capitalism? Source: Signet Books

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