Feb 02, 2011

Colloquium Series on Capitalism: “Liberty After Lehman Brothers”

(Newport News, Va.) -

Christopher Newport University’s BB&T Colloquium Series on Capitalism –  presented by CNU’s Leadership & American Studies Department – will host a lecture on Wednesday, March 16, at 4 p.m. titled: “Liberty After Lehman Brothers: What can we learn from the financial crunch of 2008?”  University of Virginia Professor Loren Lomasky will be guest speaker. The event is free and open to the public, and will be held in the David Student Union ballroom. A reception will immediately follow the lecture.

Professor Lomasky asked his students to consider the two types of liberty: the freedom of doing what you want and incurring any related costs, and the freedom from other people doing what they want in a way that imposes costs upon you without your consent. For too long in the financial world, far too many people did what they wanted, and passed the potential costs on to others. Many came to believe the system was so stable, no one would ever have to pay. In short, people forgot about the freedom from others’ costs – until we all had to pay them. However, we now face the dilemma that any effort to shore up this freedom will necessarily come at the cost of the freedom of people to do what they want. Is there a way out of this crisis that leaves our freedoms and economic system intact? 

Loren Lomasky is Cory Professor of Political Philosophy, Policy and Law, and director of the political philosophy, policy and law program, and is best known for his work in moral and political philosophy. His book Persons, Rights, and the Moral Community (Oxford University Press, 1987) established his reputation as a leading advocate of a rights-based approach to moral and social issues.  Professor Lomasky has held research appointments sponsored by the NEH, the Center for the Study of Public Choice, the Australian National University and Bowling Green's Social Philosophy and Policy Center.  His teaching interests include the philosophy of religion, medieval philosophy and the many topics in moral and political philosophy.

Since 2006, the BB&T Colloquium Series on Capitalism has brought leading scholars in economics, political science and public policy to CNU to inform the University's ongoing discussion of the fundamental integration between economic and political freedom, and the moral foundations of capitalism with special reference to the American experience. For more information on the BB&T Colloquium Series, contact the Leadership & American Studies Department at (757) 594-8907, or visit http://www.cnu.edu/professorship/colloquia/.

A four-year public university in Newport News, Virginia, Christopher Newport University enrolls 5,000 students in rigorous academic programs in the liberal arts and sciences through the College of Arts and Humanities, the College of Natural and Behavioral Sciences, and the College of Social Sciences, including the Luter School of Business. CNU offers great teaching and small class sizes with an emphasis on leadership, civic engagement and honor.

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Lori Jacobs
Director of Public Relations

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