We are all economists. Whether students or professors, we participate in markets every day. Our values and choices shape these markets, and interactions in these markets shape us. Underlying the functioning of this mechanism known as the market, economic philosophers’ ideas have molded and influenced both how we perceive the market mechanism and how it is allowed to function. Nowhere was the influence of these thinkers more present, or more influential, than in England in the 18th and 19th centuries.
England is the birthplace of the Industrial Revolution and modern capitalism, and today is both the heart of world financial markets and a test case for efforts to reduce the size of government. In this travel course, college students will engage with principles of liberty and the free market, their application in the Industrial Age, and the challenges of modern free market England.
You will read and reflect on the writings of philosophers and economists such Adam Smith, John Locke, Jeremy Bentham and John Maynard Keynes, among others, tracing the origins of free market thinking and its application in the 18th-21st centuries. This will occur both in an online environment prior to the trip, and in London and Oxford with discussions and lectures by US and UK-based experts.
We will highlight the role of moral arguments in the writings of the thinkers we engage, as well as how some of them fell short of articulating authentic biblical understandings of important issues such as justice and charity. We will trace the effects of Christian faith and culture on leading businessmen and politicians of the Industrial Age, as well as the mixed effects of the church in responding to social developments such as working conditions in this period. We will also spend time with Christians who are engaged today in faith-at-work initiatives in London.
This unique combination of intensive study and travel will be attractive to students in a wide variety of majors, including political science, history, philosophy and sociology, as well as business and economics. But students in any major are welcome to join us, and the course is open to Christian college students from across the United States.
Liberty and the Free Market in England is available as transferable credit from Geneva College, and is worth four semester hours of credit in either political science or economics. Upon successful completion of the course requirements, you will receive an official transcript from Geneva. Tuition for the course is $975.
On the ground costs will be approximately $2000, excluding meals and airfare. Students who participate in the AEI Values & Capitalism conference are eligible for a $650 scholarship to assist with travel costs inclusive of travel to Washington, DC, for the June 12-14 conference. Tuition for the four-credit course is $975.
The early application deadline is January 31, 2014; the final application deadline is March 3, 2014. Space is limited to no more than 24 students.
Students must complete the application form and submit the required essays.