Capitalism & Society Lecture Series
Waltonomics: Walmart & Society
Art Carden, PH.D.
September 15 | AgCountry Auditorium | 4:30 p.m.
Is Walmart good or bad for the economy? Is it good or bad for the communities in which it does business? The preponderance of evidence suggests that Walmart makes people--the poor especially--better off. Join us as Samford University economist Art Carden explains Walmart's costs and benefits and discusses the implications for public policy.
Art Carden is Associate Professor of Economics at Samford University's Brock School of Business in Birmingham, Alabama. His research on mass-market merchandisers like Walmart and Costco and his research on the economic history of the South has appeared in the Journal of Urban Economics, Southern Economic Journal, Public Choice, and Contemporary Economic Policy. His commentaries have appeared in Forbes, USA Today, the Washington Examiner, Black Belt, Productive!, and a range of regional and national publications. He lives in Birmingham with his wife Shannon and their three children Jacob, Taylor Grace, and David.
How Entrepreneurship Fosters Economic Growth
peter klein, PH.D.
October 16 | AgCountry Auditorium | 5:30 p.m.
Economists agree that free markets, openness to trade, and sound institutions are essential for economic growth and overall prosperity. But how does economic growth happen? This talk focuses on the neglected role of the entrepreneur, the active, purposeful, innovative agent who organizes and carries out productive economic activity. After briefly reviewing the place of entrepreneurship in economic theory we explain what entrepreneurs do and the conditions under which they do it well. Applications include intellectual property, innovation subsidies, university incubators, and other programs and organizations designed to foster entrepreneurship, often without success.
Peter G. Klein is W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business and Senior Research Fellow at the Baugh Center for Entrepreneurship and Free Enterprise. He is also Adjunct Professor of Strategy and Management at the Norwegian School of Economics and Carl Menger Research Fellow at the Mises Institute. He is author or editor of four books and has published of over 100 articles, chapters, and reviews. Klein’s research focuses on the links between entrepreneurship, strategy, and organization, with application to innovation, diversification, vertical coordination, health care, and public policy.