ONE Northwood University

Jan 15, 2010

Spreading the Northwood Idea

Northwood University has a strong tradition of encouraging and developing scholars, including: faculty like V. Orval Watts; George C. Leef (now director of the Pope Center); Lawrence W. Reed (founder of the Mackinac Center for Public Policy and now President of the Foundation for Economic Education (FEE); Dale M. Haywood, Timothy G. Nash and Dale M. Matcheck (Co-authors, When We Are Free, (foreword by Milton Friedman)); graduates like James Hohman (Fiscal Policy Analyst, Mackinac Center for Public Policy); Jonathan Williams (Director of the Tax and Fiscal Policy Task Force, American Legislative Exchange Council (ALEC)); and Charlie Ruger (Associate, Charles G. Koch Charitable Foundation); and students like Will Freeland (summer intern with the CATO Institute) and Daniel Smith (Ph.D. student in economics at George Mason University). We also proudly welcomed Dr. Richard Ebeling, former President of FEE and the former von Mises Chair in Economics at Hillsdale College, to the faculty on our Michigan campus.

We at Northwood are committed to not only continuing our long history of producing free market oriented business leaders but also to becoming a major producer of thought leaders who will defend and champion the ideas, virtues and values of a free and productive society.

It is our goal to enhance the scope and influence of The Northwood Idea through research fellowships, seminars and discussion groups, additional courses, and a formalized guest lecture series. We also seek to develop a greater number of scholars who will influence and produce the public policy solutions needed to restore freedom and free enterprise within our country and around the world.

We are proud to announce we will offer Economics 401 in Washington, D.C. March1-5, 2010 as a Winter Mini Session taught by Dr. Timothy G. Nash (David E. Fry Endowed Chair in Free Market Economics) and Thomas Medaglia, J.D. (noted Washington, DC attorney). The goal of this mini session is to realize both the short-term and long-term economic consequences of public policies as they relate to individuals and organizations.

The course will feature numerous guest lecturers with national prominence and will afford qualified undergraduate students and friends of our University the opportunity to visit national think tanks and the U.S. Congress. Confirmed guest lecturers are Tammy Darvish (VP of DARCARS), Jonathan Williams, and Mr. Michael Tanner (Researcher at the CATO Institute).

The required texts make for interesting reading even without attending the classes: Public Finance and Public Policy by Jonathan Gruber, Capitalism and Freedom by Milton Friedman, and The Constitution of the United States of America. Last term’s Omniquest selection, 1,000 Dollars and an Idea, will also be read. Additionally, students will be required to keep abreast of current topics by reading publications such as the Wall Street Journal, Barron’s, Fortune and Forbes, and watching or listening to media such as CNBC, Fox Business, Bloomberg, and National Public Radio. Selections from Capitalism and Freedom and Capitalism at the Crossroads will also be read and discussed in class. Methods of instruction will consist of lectures, discussions and student presentations.

The daily classes will be rich with information and learning opportunities. Topics to be coved include:

Review of the U.S. Constitution
Government and Public Policy Analysis
Empirical Analysis of Public Policy
The Role of the Federal Government
Deep Water Royalties Case
Cap and Trade Issues
The Climate Change Debate
Visits to the U.S. Capital, U.S. Supreme Court Building, and offices of members of the U.S. House and Senate
Fiscal and Monetary Policy
Social Security
Health Insurance Reforms
Taxation in the U.S. and Elsewhere
Tax Reform

The course objectives are ambitious and, upon completion of this course, students will:

understand the economic consequences of a wide range of public policies that affect business.
be able to evaluate those consequences using criteria such as efficiency, equality of income and wealth, and liberty.
be able to explain the origins, perpetuation and, in some cases, demise of those policies.
be able to discuss the economics of many government-supplied services such as waste collection.
understand the development and current activities of various regulatory bodies.
be able to converse intelligently regarding current public policy issues.
be able to provide free market alternatives to political responses to economic problems.
be able to provide an independent analysis of policy initiatives, considering intended and unintended consequences and a wide variety of positions.

Undergraduate and Adult Degree Program students can take the Winter Mini Session for credit, but friends of Northwood University as well as others with an interest in these subjects are also welcome to attend. For further details on this exciting academic opportunity, contact Dr. Nash at tgnash@northwood.edu.

As we move forward in our Big Hairy Audacious Goal (BHAG) to become globally recognized as one of the foremost institutions in the development of leaders, managers and entrepreneurs, we are pleased to announce a new partner on this journey. Many of you may recall reading The Science of Success by Charles Koch, our winter 2008 Omniquest selection.

This book explores the theory of market-based management (MBM) which is rooted in the science of human action. It is a proven process that can lead to prosperity when the principles are applied organizationally in a manner that produces results. Koch Industries, the company headed by Mr. Koch, focuses on integrity, compliance, value-creation, principled entrepreneurship, customers, knowledge, change, humility, respect and fulfillment. Much like our own Code of Ethics, the principles outlined in The Science of Success illustrate the mission of Northwood University.

As Northwood University and the Koch Foundation interacted, the synergies between our organizations and our missions became apparent. Our friendship is growing and we are pleased to announce the Koch Foundation recently awarded Northwood University a grant to be used to support research and free market guest speakers at Northwood. And we just recently executed an agreement with the Jack Miller Center for a similar grant to bring lecturers to Northwood. You may recall Mr. Miller is the author of another of our Omniquest selections, Simply Success, and who visited our campuses to speak to students and friends of Northwood.

For 50 years, Northwood University has not wavered from bold and vocal support of free enterprise and free markets. Our mission - to develop the future leaders of a global, free-enterprise society - is needed now more than ever.

As we begin our next 50 years, it’s apparent both our influence and our presence in the world economic arena are moving forward. You are invited to join us in March in Washington, D.C. for what promises to be a thought-provoking week for all participants.

Have a great weekend!

Keith A. Pretty, J.D.
President and CEO
Northwood University
4000 Whiting Drive
Midland, MI 48640
989.837.4203 (phone)
989.832.9590 (fax)

pretty@northwood.edu

Jan 15, 2010
	Spreading the Northwood Idea Northwood University has a strong tradition of encouraging and developing scholars, including: faculty like V. Orval Watts; George C. Leef (now director of the Pope Center); Lawrence W. Reed (founder of the Mackinac Center for Public Policy and now President of the Foundation for Economic Education (FEE); Dale M. Haywood, Timothy G. Nash and Dale M. Matcheck (Co-authors, When We Are Free, (foreword by Milton Friedman)); graduates like James Hohman (Fiscal Policy Analyst, Mackinac Center for Public Policy); Jonathan Williams (Director of the Tax and Fiscal Policy Task Force, American Legislative Exchange Council (ALEC)); and Charlie Ruger (Associate, Charles G. Koch Charitable Foundation); and students like Will Freeland (summer intern with the CATO Institute) and Daniel Smith (Ph.D. student in economics at George Mason University). We also proudly welcomed Dr. Richard Ebeling, former President of FEE and the former von Mises Chair in Economics at Hillsdale College, to the faculty on our Michigan campus. We at Northwood are committed to not only continuing our long history of producing free market oriented business leaders but also to becoming a major producer of thought leaders who will defend and champion the ideas, virtues and values of a free and productive society. It is our goal to enhance the scope and influence of The Northwood Idea through research fellowships, seminars and discussion groups, additional courses, and a formalized guest lecture series. We also seek to develop a greater number of scholars who will influence and produce the public policy solutions needed to restore freedom and free enterprise within our country and around the world. We are proud to announce we will offer Economics 401 in Washington, D.C. March1-5, 2010 as a Winter Mini Session taught by Dr. Timothy G. Nash (David E. Fry Endowed Chair in Free Market Economics) and Thomas Medaglia, J.D. (noted Washington, DC attorney). The goal of this mini session is to realize both the short-term and long-term economic consequences of public policies as they relate to individuals and organizations. The course will feature numerous guest lecturers with national prominence and will afford qualified undergraduate students and friends of our University the opportunity to visit national think tanks and the U.S. Congress. Confirmed guest lecturers are Tammy Darvish (VP of DARCARS), Jonathan Williams, and Mr. Michael Tanner (Researcher at the CATO Institute). The required texts make for interesting reading even without attending the classes: Public Finance and Public Policy by Jonathan Gruber, Capitalism and Freedom by Milton Friedman, and The Constitution of the United States of America. Last term’s Omniquest selection, 1,000 Dollars and an Idea, will also be read. Additionally, students will be required to keep abreast of current topics by reading publications such as the Wall Street Journal, Barron’s, Fortune and Forbes, and watching or listening to media such as CNBC, Fox Business, Bloomberg, and National Public Radio. Selections from Capitalism and Freedom and Capitalism at the Crossroads will also be read and discussed in class. Methods of instruction will consist of lectures, discussions and student presentations. The daily classes will be rich with information and learning opportunities. Topics to be coved include: Review of the U.S. Constitution Government and Public Policy Analysis Empirical Analysis of Public Policy The Role of the Federal Government Deep Water Royalties Case Cap and Trade Issues The Climate Change Debate Visits to the U.S. Capital, U.S. Supreme Court Building, and offices of members of the U.S. House and Senate Fiscal and Monetary Policy Social Security Health Insurance Reforms Taxation in the U.S. and Elsewhere Tax Reform The course objectives are ambitious and, upon completion of this course, students will: understand the economic consequences of a wide range of public policies that affect business. be able to evaluate those consequences using criteria such as efficiency, equality of income and wealth, and liberty. be able to explain the origins, perpetuation and, in some cases, demise of those policies. be able to discuss the economics of many government-supplied services such as waste collection. understand the development and current activities of various regulatory bodies. be able to converse intelligently regarding current public policy issues. be able to provide free market alternatives to political responses to economic problems. be able to provide an independent analysis of policy initiatives, considering intended and unintended consequences and a wide variety of positions. Undergraduate and Adult Degree Program students can take the Winter Mini Session for credit, but friends of Northwood University as well as others with an interest in these subjects are also welcome to attend. For further details on this exciting academic opportunity, contact Dr. Nash at tgnash@northwood.edu. As we move forward in our Big Hairy Audacious Goal (BHAG) to become globally recognized as one of the foremost institutions in the development of leaders, managers and entrepreneurs, we are pleased to announce a new partner on this journey. Many of you may recall reading The Science of Success by Charles Koch, our winter 2008 Omniquest selection. This book explores the theory of market-based management (MBM) which is rooted in the science of human action. It is a proven process that can lead to prosperity when the principles are applied organizationally in a manner that produces results. Koch Industries, the company headed by Mr. Koch, focuses on integrity, compliance, value-creation, principled entrepreneurship, customers, knowledge, change, humility, respect and fulfillment. Much like our own Code of Ethics, the principles outlined in The Science of Success illustrate the mission of Northwood University. As Northwood University and the Koch Foundation interacted, the synergies between our organizations and our missions became apparent. Our friendship is growing and we are pleased to announce the Koch Foundation recently awarded Northwood University a grant to be used to support research and free market guest speakers at Northwood. And we just recently executed an agreement with the Jack Miller Center for a similar grant to bring lecturers to Northwood. You may recall Mr. Miller is the author of another of our Omniquest selections, Simply Success, and who visited our campuses to speak to students and friends of Northwood. For 50 years, Northwood University has not wavered from bold and vocal support of free enterprise and free markets. Our mission - to develop the future leaders of a global, free-enterprise society - is needed now more than ever. As we begin our next 50 years, it’s apparent both our influence and our presence in the world economic arena are moving forward. You are invited to join us in March in Washington, D.C. for what promises to be a thought-provoking week for all participants. Have a great weekend! Keith A. Pretty, J.D. President and CEO Northwood University 4000 Whiting Drive Midland, MI 48640 989.837.4203 (phone) 989.832.9590 (fax) pretty@northwood.edu