Big Business and the Market: Friends or Foes?

Econ676 — with Art Carden and Peter Klein

Dates: December 27, 2011 - January 5, 2012
Status: Closed

Are large corporations products of the free market, or are they created by interventionism? Where do firms come from? How do they affect the communities in which they do business? In four lectures, Art Carden and Peter G. Klein will explore the theory of the firm, the effects of “big business,” and the political economy of the business environment in an interventionist society.

For more on what will be covered in this course, see this article.


The video lectures are online.  Lectures will be 7:00 – 8:30 pm Eastern Time on the following dates: Tuesday, Dec. 27, Thursday, Dec. 29, Tuesday, Jan. 3, and Thursday, Jan. 5.They will be recorded and made available for enrolled students to download.


All readings for the course will be free and available online.

Grades and Certificates

The final grade will depend on quizzes.  Taking the course for a grade is optional.  The Mises Academy is currently not accredited, but this course is worth 3 credits in our own internal system.  Feel free to ask your school to accept Mises Academy credits.  You will receive a digital Certificate of Completion for this course if you take it for a grade, and a Certificate of Participation if you take it on a paid-audit basis.

Refund Policy

If you drop the course during its first week (7 calendar days), you will receive a full refund, minus a $25 processing fee.  If you drop the course during its second week, you will receive a half refund.  No refunds will be granted following the second week.


Art Carden

Art Carden is an Assistant Professor of Economics and Business at Rhodes College in Memphis, Tennessee, an Adjunct Fellow with the Oakland, California-based Independent Institute, a member of the adjunct faculty of the Ludwig von Mises Institute, a Jack Miller Center Fellow, and a scholar with the Tennessee Center for Policy Research.  He has spoken at colleges, universities, conferences, and seminars in the US and Europe, including Mises University 2009.  His research papers can be found on his Social Science Research Network author page and on his website. He is also a regular contributor to Forbes.com and Division of Labour.

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Peter Klein

Peter G. Klein is Associate Professor in the Division of Applied Social Sciences at the University of Missouri and Director of the McQuinn Center for Entrepreneurial Leadership. He also holds appointments with the Truman School of Public Affairs and the Norwegian School of Economics and Business Administration. His research focuses on the boundaries and internal organization of the firm, with applications to diversification, innovation, entrepreneurship, and financial institutions. He taught previously at the University of California, Berkeley, the University of Georgia, and the Copenhagen Business School, and served as a Senior Economist with the Council of Economic Advisers. He is also a former Associate Editor of The Collected Works of F. A. Hayek. He lectures regularly at the Mises University and other Mises Institute events.

Klein received his Ph.D. in economics from the University of California, Berkeley and his B.A. from the University of North Carolina, Chapel Hill. He is editor of two books and author of many scholarly articles and book chapters. See here for his complete vita and here for his website at the University of Missouri.

Check out his blog, Organizations and Markets.

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