Northwood University has unveiled a compelling new lesson titled “Economic Freedom” as part of our complimentary online course, The Philosophy of Free Enterprise.
Narrated by Dr. Dale Matcheck, the David E. Fry Endowed Professor in Free Market Economics, the lesson explores how societies that embrace economic freedom consistently outperform those that rely on government planning.
Drawing on nature and history, Dr. Matcheck begins by contrasting the instinct-driven cooperation found in social animals like honeybees and meerkats with the incentive-driven voluntary cooperation found in human society.
“Economic freedom enables individuals to peacefully use their property and pursue their goals, creating conditions for prosperity, innovation, and human flourishing,” states Dr. Matcheck.
The lesson examines real-world case studies, including Singapore and Venezuela, to demonstrate how nations that adopt limited government and free-market policies tend to achieve stronger economic performance and higher standards of living. Dr. Matcheck also compares East and West Germany and the divided Korean peninsula to illustrate how economic systems influence opportunity, migration, and human well-being.
Using data from the Fraser Institute’s Economic Freedom Index, the lesson reveals that countries with greater economic freedom tend to have lower poverty, higher education and literacy rates, stronger civil rights, and greater life satisfaction.
“When it comes to organizing human cooperation and making it more productive, the record is clear: Economic freedom works,” concludes Dr. Matcheck.
This newest lesson appeals to learners from all educational levels and backgrounds. It includes an easily digestible lecture that’s just six minutes long and incorporates helpful animation and engaging dialogue.
Learners enrolled in the Philosophy of Free Enterprise course can test their knowledge and access thought-provoking supplemental reading material following each lesson. Upon completing the course, learners will earn a certificate of completion.
To access each lesson’s lecture, the following are available to watch on Northwood University’s YouTube channel:
A Time Traveler’s Brief History of Progress
Constitution, Rules, and Games
Prices, Knowledge, & Incentives
The videos and Philosophy of Free Enterprise online course are possible thanks to the principal donors behind this effort: Donald S. Gottwald, a 1988 alumnus, and his wife, Pamela. Thanks also goes to the Thomas F. and Harriet S. Oakley Family Trust for their generous gift.
Donors who value liberty, the American free-enterprise system, and the creation of leaders who drive economic and social progress may consider a gift to Northwood University. Visit our giving page or contact Northwood’s advancement office at (989) 837-4356.
