Texas Tech University

Visiting Scholars Program

The Free Market Institute (FMI) Visiting Scholars Program, made possible by a donation from the Thomas W. Smith Foundation, has brought research professors to Texas Tech University to collaborate with faculty, staff, and graduate students, and participate in Institute programming.


About the Program

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Spring 2020

Markets and Morality

J.R. Clark, Distinguished Visiting Scholar

J.R. Clark, Scott L. Probasco, Jr. Distinguished Chair of Free Enterprise Emeritus at The University of Tennessee at Chattanooga, served as FMI Distinguished Visiting Scholar during the Spring 2020 semester and continues to collaborate with FMI on projects. Prof. Clark's areas of expertise include public finance, public choice, and managerial economics.

Prof. Clark's seminar addressed the tension between the benefits of market economies and the evolving conflicts with modern conceptions of morality, justice, and equality. It examined the development of market-based morality as it has evolved through mankind's ascent from small hunter-gather tribal bands to large-scale national and global economies. This evolutionary analysis, and the tension it produces, was extended to many key areas of economic analysis including, but not limited to the following: specialization of labor, trade and exchange, prices, information communication, co-ordination, cooperation, capital accumulation, risk bearing, property rights, and law and economics. Participants also discussed applications to economic education, particularly approaches to exploring these debates through teaching Principles of Economics at the undergraduate level.

A complete reading list for the seminar can be accesed here:

Graduate Seminar on Markets and Morality - Spring 2020

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