Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity. 

Written between October 1787 and August 1788, The Federalist Papers is a collection of newspaper essays written in defense of the Constitution. Writing under the pen name Publius, Alexander Hamilton, James Madison, and John Jay explain the merits of the proposed Constitution, while confronting objections raised by its opponents. Thomas Jefferson described the work as “the best commentary on the principles of government, which ever was written.” This course will explore major themes of The Federalist Papers, such as the problem of majority faction, separation of powers, and the three branches of government.

In the Nicomachean Ethics—the first book written on the subject of how best to live—Aristotle argues that human happiness chiefly depends upon a person’s character, which is formed by making good choices. This course examines Aristotle’s teachings about human nature, the meaning of the good, and the virtues necessary for happiness. Students will not only learn what Aristotle says about the good life, but will also explore ways to put this knowledge to work.