On Tuesday, Roanoke College hosted the second event in the David L. Guy ’75 Lecture Series featuring Dr. Burton W. Folsom Jr.
The David L. Guy Lecture Series is presented by the Center for Economic Freedom. The Center also sponsors an annual undergraduate economics reading group. This year they read “The Myth of the Robber Barons,” authored by Folsom, an economic historian. The reading group then got to meet with Folsom when he was on campus Tuesday.
Dr. Alice Kassens, John S. Shannon Professor of Economics and director of the Center for Economic Freedom, said the students enjoyed the engaging discussion.
“It was a special experience for them,” Kassens said. “They had excellent questions including how Folsom picked the characters that he included in his book. Students gained an appreciation for the book writing process.”
After that, Folsom taught a class in which he compared the economic growth of the 1920s to the sluggish economy of the 1930s in the United States. About 30 students attended the class, which took place in Antrim Chapel. Students were able to ask questions related to the book and learn more about early commerce in our nation.
“Folsom told a tale of economic growth and remarkable innovation of the 1920s and compared to the period to the stagnation experienced in the 1930s,” Kassens said. “The numerous examples helped cement and clarify his point that lower taxes incentivize innovation and creativity.”