We are excited to welcome Burton Folsom to the
program. A professor of history at Hillsdale College and a great advocate of
Free Market economics. He received his B. A., from, Indiana University. His M.A.
from the University of Nebraska, and his PhD from the University of Pittsburgh.
He has written several books. One of the most popular ones is The Myth of the Robber Barons, which explores the positive effects of entrepreneurs and
limited government. In the book he makes clear the often overlooked difference
between "political" entrepreneurs and "market" entrepreneurs. He gives examples
from history of various market motivated businessmen (like Rockefeller, Schwab,
Vanderbilt, & J.J. Hill) and how their actions positively affected their
contemporaries and the history of the United States. He also shows how
politically motivated businessmen (like Fulton, Villard, Gould, and Stanford) had mostly
negative effects. He makes a very effective case that big government and
regulatory agencies get in the way of a healthy economy!
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