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Democratic Capitalism is small business.
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CAPITAL: THE AMERICAN REVOLUTION
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Overview Transcript Case Study Video
Hattie Bryant and MIchael Novak
Michael Novak and Hattie talk about the foundations of civility, life and meaning.
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Michael  Novak on Small Business School
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Washington, DC: Where Michael Novak strikes deep into the heart of public debate about what works and what doesn't work within economic systems, small business owners are demonstrators. They're on the front lines, risking and fighting the good fight every day. Small business owners take lofty principles and reduce them to nitty-gritty practice.
As a people, the debate about capitalism should no longer be the domain of economists. We all need to grapple with the first principles of ethics, economics, and government. Virtually overnight globalization is a reality and belief systems are butting against one another, often shredding civility and undermining any inherent ethics and morality.
Each of us needs to engage in the historic debate about economic models. What works? What is good for people? Is this singular focus on "Return to Shareholders"a truncation of capitalism? Do we need to be looking at a more balanced model that includes more than the growth of the bottomline?
What is the hope of the future? We profoundly believe it has a lot to do with small business and individual initiatives; yet here, we simply open our dialogue and begin to chart a new course.
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Michael  Novak on Small Business School
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Michael  Novak on Small Business School
Michael  Novak on Small Business School
Michael  Novak on Small Business School
Michael Novak is the author of well over thirty books and many, many articles about business, ethics, morality, capitalism, and corporations. He is a most distinquished professor and theologian and holds the George Frederick Jewett Chair of Religion, Philosophy, and Public Policy at the American Enterprise Institute which is in Washington, DC.
That he is brilliant is beyond question.
In yet another episode with Michael Novak, he examines innovation and faith. The title is, "The Theology of Innovation." Its release was coordinated for Thanksgiving 2004.
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EXPLORE THE CASE STUDY GUIDE
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Michael  Novak on Small Business School
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STUDY even more:
Michael  Novak on Small Business School Michael  Novak on Small Business School
»
» We started with Business as a Calling
» First principles for this episode
» The Spirit of Democratic Capitalism
» On Cultivating Libertywill embolden you
» The Future of the Corporation
is a must-read. At least read the introduction and first chapter. Your attitude about business will be forever changed; business is in our genes.
» The Fire of Invention
» CONTACT:
Prof. Dr. Michael Novak
American Enterprise Institute
1150 Seventeenth Street, N.W.
Washington, DC 20036

Tel: 202-862-5800; 202-862-5839
Fax: 202-862-5821
Email:
click here
URLs: http://www.michaelnovak.net/
American Enterprise Institute: http://www.aei.org
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Michael  Novak on Small Business School
Michael  Novak on Small Business School
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Let's open the dialogue
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A few key points about capital
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Michael  Novak on Small Business School
1. Capitalism is the Only Proven Path from Poverty to Prosperity
2. The American Version of Capitalism has not been Articulated Well
3. Building A Country From Scratch Requires Many Owning A Little Rather than a Few Owning A Lot
4. Business Owners should never think of themselves as Elites
5. Capitalism Requires a New Attitude About the Creation of Wealth
6. Our Moral Duty is to Struggle for Improvement
7. It Does Not Thrive Unfettered
8. Capitalism Depends Upon Hard-Working People
9. Capitalism's Three-Legged Stool
10. Business is not about Greed
11. Capitalism is Good for the Soul
12. It is Organized Around the Mind
13. Small Business is the Most Important Institution in a Civil Society
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Michael  Novak on Small Business School Michael Novak, American Enter- prise Institute, twice the U.S. Ambassador for UN Human Rights Commission; winner of the Templeton Prize (always larger than the Nobel Prize)

The big issues that we face as a global people are touched on by these basic principles about value and value creation. These are the concepts for discussions around the dinner table.

Though these study guides were first prepared for the PBS feed into our business schools and universities throughout the USA, today these studies (and their corresponding video) are being integrated as chapter endings for the best-selling college textbooks used in business classrooms literally around the world.

A case study is never complete. Within this website each point eventually becomes an interactive question and you may opt to contribute to it. Your insights, your point of view, can actually change the way we understand and act on what has been said. Each of us can constantly deepen our understanding of historical moments. It doesn't change the history but it does change us.

Three Case Study Guides are emerging from this episode of the show. We hope we can continue this development with all subsequent episodes:

1. Junior & Senior High School: Democratic Capitalism for the Classroom. We are working with some faculty members at Texas Tech University on some curriculum development. We welcome the help of others.

2. College & university courses: These guides are published as a case study in many college textbooks published by Thomson Learning.

3. At Work: We take many of these points and link them to a study of their first principles (the highest level of meaning that has an inclusive generality) and then apply that understanding to an action plan whereby all small businesses can begin actively participating and acting to solve the most pressing needs within our local as well as our global communities.

We anticipate such actions will also be good business in every sense of the word.

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Michael  Novak on Small Business School
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