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Wednesday, July 30, 2014

Students Learn “Economics of Business Success” in Golden, CO

In the picturesque Colorado foothills, 48 students from around the world gathered to discuss the connection between economics and business. From July 17-20, the intellect of the students coupled with their enthusiasm for free markets created an invigorating three days of discussion.

After an unexpected Mopar street festival in downtown Golden Thursday night, Friday morning began with a probing lecture by Dr. Denise Froning where she challenged the conventional definition of value, redefining the term to encompass the unique importance of a product to each individual. Brian Brenberg followed, recalling the evolution of Apple, in order to explain how to change the future given today’s reality. T.K. Coleman then finished the morning by motivating students to embrace spontaneous order and the value of dispersed knowledge in his talk, “The Best Laid Plans of Mice & Men: Spontaneous Order as an Ecological Framework.”

In the afternoon, Jeff Rowes brought a legal perspective to markets, using the example of kidney resale from his previous judicial cases at the Institute for Justice. These notable faculty inspired discussions among participants, specifically their role in today’s businesses and how to effectively apply such concepts in one’s own careers.

Saturday’s schedule promised more inspiring talks; it did not disappoint. Brian Brenberg began with “The Space to Create and Serve,” employing striking satellite images in order to exemplify what separates the prosperity and entrepreneurialism of thriving economies from struggling areas. Brenberg then discussed the importance of opportunity cost within the technological world that we live in today using pancakes as an examples.

Jeff Rowes returned after lunch to discuss the legalities of private enterprise with respect to government regulation in “Baptists, Bootleggers, and Bad, Bad Gubba-mint.” The afternoon ended with T.K. Coleman’s encouraging talk regarding the saving power of entrepreneurship in our world, explaining how entrepreneurs can represent economic concepts in “It’s a Bird… It’s a Plane… It’s an Entrepreneur!”

On Sunday, the Arena K.O. Debate Should We Welcome Open Borders? between Dr. Jason Brennan of Georgetown University and David Inserra of The Heritage Foundation brought a new perspective regarding the arguments for and against unrestricted movement of individuals.

T.K. Coleman wrapped up the seminar with his lecture, “We talkin’ ‘bout practice,” using popular video clips to explain how practical knowledge can improve one’s self and one’s world. The seminar attendees left with unique, newfound knowledge and understanding, lifelong friendships, and renewed ambition.