Texas Tech University

Upcoming Events

 

FMI Public Speaker Series

October 11  November 1  

 

How the Fed Failed to Achieve Its Mandate of Stable Prices — October 11

Hogan Event Image

This event is free and open to the TTU community and the general public.

Event Parking will be available in TTU Lot R23, located north of the Rawls College of Business.

About the Program

Price inflation is now at a 40-year high in the United States and has become the main economic concern for the average American.

Thomas L. Hogan will examine the root causes of inflation and how political considerations, such as climate change and income inequality, have distracted the Federal Reserve in carrying out its legally mandated goals of maximum employment and stable prices.

About the Speaker

Thomas L. Hogan is a Senior Fellow at the American Institute for Economic Research. He was formerly the Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs. His primary research interests include banking regulation and monetary policy.

Dr. Hogan has held a variety of positions in the academic and private sectors. He was previously a Fellow at Rice University's Baker Institute for Public Policy, Assistant Professor of Finance at Troy University, and Assistant Professor of Economics at West Texas A&M University. He has worked for Merrill Lynch's commodity trading group and for investment firms in the U.S. and Europe. He was a consultant to the World Bank and a research fellow at the Cato Institute.

Dr. Hogan earned his Ph.D. in Economics from George Mason University and holds Bachelor's and Master's degrees in Business Administration from the University of Texas at Austin. His work has been published in academic journals such as Economic Inquiry, the Journal of Regulatory Economics, and the Journal of Money, Credit & Banking.

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Honorable Business: A Framework for Business in a Just and Humane Society — November 1

Otteson Event Image

This event is free and open to the TTU community and the general public.

Event Parking will be available in TTU Lot R23, located north of the Rawls College of Business.

About the Program

Many people are suspicious of business, as well as of markets and commercial society. Are they right to be suspicious? Examples like Enron and Bernie Madoff do not help the impression many have of it as prone to dubious behavior and potentially disastrous negative consequences. But there are bad actors in all walks of life, not just in business. Is there something special about business that encourages, or even rewards, bad behavior? Can there be such a thing as honorable business?

While there certainly is dishonorable business, there is indeed also such a thing as honorable business. Honorable business sees as its primary purpose to create value—for all parties. It looks for mutually voluntary and mutually beneficial transactions, so that both sides of any exchange are benefited, leading to increasing prosperity not just for one person or for one group at the expense of others but simultaneously for everyone involved. Done correctly, honorable business is thus a positive-sum activity that can enable flourishing for individuals and prosperity for society.

Prof. Otteson will deliver a public lecture based on his book, Honorable Business: A Framework for Business in a Just and Humane Society (2019). This book offers a conception of what it means for an individual to flourish and what the public institutions are of which honorable business can form an integral part. It also offers original responses to several central objections raised to business, markets, and commercial society. It argues for a new framework for business ethics that articulates the role that the honorable businessperson, and honorable business, can, and must, play in a just and humane society.

About the Speaker

James Otteson is the John T. Ryan Jr. Professor of Business Ethics, the Rex and Alice A. Martin Faculty Director of the Notre Dame Deloitte Center for Ethical Leadership, and Faculty Director of the Business Honors Program.

Prof. Otteson specializes in business ethics, political economy, the history of economic thought, and eighteenth-century moral philosophy. He has taught previously at Wake Forest University, New York University, Yeshiva University, Georgetown University, and the University of Alabama.

He earned his Bachelor of Arts degree from the Program of Liberal Studies at the University of Notre Dame in 1990. His sophomore year was spent abroad studying at the Universität Innsbruck in Innsbruck, Austria. After completing his undergraduate degree, he attended the University of Wisconsin–Milwaukee, earning a MA in Philosophy in 1992. He then joined the Philosophy Department at the University of Chicago, receiving a PhD in 1997.

His books include Adam Smith's Marketplace of Life (Cambridge, 2002), Actual Ethics (Cambridge, 2006), Adam Smith (Bloomsbury, 2013), The End of Socialism (Cambridge, 2014), The Essential Adam Smith (Fraser Institute, 2018), and Honorable Business: A Framework for Business in a Just and Humane Society (Oxford, 2019). 

His most recent books are The Essential David Hume (Fraser, 2021) and Seven Deadly Economic Sins (Cambridge, 2021). His forthcoming book is Reexamining the Ethics of Wealth Redistribution (with Steven McMullen; Routledge, forthcoming in 2022).

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If you would like to receive notice of upcoming programs and events, please email the Free Market Institute at free.market@ttu.eduor call 806.742.7138.

 

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