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Week 3 - Entrepreneurship, Markets, and Morality

Concepts, Terms and Topics

Profit and Loss, Helping Others and Receipt of Income, Wealth Creation, Greed and Self-Interest,
Capitalism, Socialism, Entrepreneurship, Gift-Givers, and Talents

Week Overview
Day 1

LOOKING BACK—WEEK 2

Review Homework Take Quiz 2

LOOKING AHEAD—WEEK 3

Critical Thinking Assignment—Essay: Discerning the Honey from the Hemlock Let’s Discuss—What Do You Think?
Let’s Do—Optional Group Activity: The Ultimatum Game: Assumptions,
Proposals and Pay-Offs

Day 2
Read:

CSE Part 1 Element 7—Profits direct businesses toward productive…

CSE Part 1 Element 8—People earn income by providing others with things…

Article Prophets and Profit by Marvin Olasky

Watch:

Video Learn Liberty—The Price System (2:24)

Video Is Making Money Good or Bad? (1:55)

Do:

Questions 1-9

Day 3
Read:

MGG Chapter 5: Isn’t the Free Market Based on Greed? pp. 129-119

Watch:

Video IFWE—Is Capitalism Based on Greed (3:57)

Video (optional)Atlas Shrugged and the Economics of Exchange

Do:

Questions 10-16

Day 4
Read:

MGG Chapter 5: Isn’t the Free Market Based on Greed? pp. 119-124

Watch:

Video Milton Friedman and Donahue (2:24)

Do:

Questions 17-21

Day 5
Read:

MGG Chapter 5: Isn’t the Free Market Based on Greed? pp. 124-133

Watch:

Video Acton Institute—ES: Gift Givers, Talents, and Entrepreneurs (6:48)

Do:

Questions 22-27

Day 1 - Getting Started

A people…who are possessed of the spirit of commerce, who see and who will pursue
their advantages may achieve almost anything.
— George Washington, letter to Benjamin Harrison, Oct. 10, 1784

It is a socialist idea that making profits is a vice; I consider the real vice is making losses.
—Winston Churchill

Day 2 - Understanding Profits and Losses

Profit, Loss, and Helping Others

Prophets and Profit by Marvin Olasky

Day 3 - Differentiating Self-Interest from Greed

Mandeville, Rand, and False Moral Pretenses

Day 4 - Fitting the Human Condition

Capitalism, Socialism and the Human Heart

Day 5 - Encouraging Enterprise

Gift-Givers and Kitty Litter

Critical Thinking Assignment

Discerning the Honey from the Hemlock

Check Your Premises - Ayn Rand Through a Biblical Lens