Lessons from the Robber Barons: Monopolies and Markets
History teaches us that free market economies have lifted people out of poverty around the world. One of their earmarks is competition; yet monopolies persist and co-exist with free markets in various ways. Using a case study of John D. Rockefeller and Standard Oil, Lawrence W. Reed will illuminate the pros and cons of monopolies and free markets and draw conclusions for today.
Information about the 2022-23 Bauervic Essay Competition for college and high school students will be shared.
Join us from 6:00-8:00 pm EST, in person at the Griswold Center on
Northwood University’s campus, or online. This event is sponsored by
the Charles M. Bauervic Foundation and presented in conjunction with
Thursday, November 3, 2022
6:00 p.m. - 6:45 p.m. Reception
7:00 p.m. - 8:00 p.m. Program with Q & A
4000 Whiting Dr., Midland, MI 48640
Economist and historian Lawrence W. (“Larry”) Reed is President Emeritus of the Foundation for Economic Education in Atlanta, Georgia. Before retiring to the emeritus role in 2019, he served as the organization’s president for 11 years, as the founding president of the Mackinac Center for Public Policy for 21 years and as an economics professor at Northwood University for 7 years.
He has written seven books and over 2,000 articles and newspaper columns. He has lectured in all 50 states and nearly 90 countries. He holds two honorary doctorates (in Public Administration and in Laws) from Central Michigan University and Northwood University. In 2022, the President of Poland announced that he will soon bestow upon Reed the Grand Cross of the Order of Merit of the Republic Poland, the highest honor that Poland gives to a foreigner.