Heartland Events

Joseph Bast and Dr. Herbert Walberg celebrate the 10th Anniversary of their book Education and Capitalism

The Heartland Institute
One South Wacker Drive #2740
Chicago, Illinois 60606
May 09, 2013, 11:30 AM - 1:30 PM

"This is a thoughtful, thorough examination of the virtues of capitalism and free markets as a way to organize elementary and secondary education in a democracy."

— Milton Friedman (1912-2006)
Nobel Prize winner in Economic Sciences


The authors of Education and Capitalism, Herbert J. Walberg and Joseph Bast, marked the 10th anniversary of their vital education reform book with a special luncheon discussion in Heartland's office library. Their book makes the still-important point that unless popular myths about capitalism are challenged, school reform will stall well short of success.

Drawing on insights and findings from history, psychology, sociology, political science, and economics, the authors will discuss at this event:

  • Why schools and past efforts at school reform have failed
  • Why capitalism can be trusted to produce safe and effective schools—and why economics is an appropriate tool for studying how schooling is delivered
  • What history tells us about the government's role in schooling—and why keeping most schooling in the hands of government does not help achieve equality and democracy
  • How guidelines for voucher programs that protect the poorest and most vulnerable members of society otherwise work as well as their proponents predict
  • Why conservatives and libertarians should support school voucher programs


Watch Walberg and Bast talk about their book at a Heartland Institute Author Series event below: