Lending Library

The materials listed below are available on a one-week loan basis by calling the Chair at 423/425-4118 or by writing the UTC Probasco Chair, 313 Fletcher Hall, Dept. 6106, 615 McCallie Avenue, Chattanooga, TN 37403-2598.  Please reserve materials in advance as we serve on a first-request basis.


ABC 20/20 Special with clips of Michael Cox

This video traces Adam Smith's life and career as well as the major ideas of The Wealth of Nations. (28 minutes junior high through adult.) This is an ideal film for high school world history classes. 

America The Bankrupt

Three videos from National Empowerment Television in Washington, D.C. These special editions of the NET show Eighth Wonder focus on the national debt and its relation to off-budget items. The national debt, on paper, is around $4 trillion; however, off-budget IOU’s raise the real debt to about $12 trillion.

Social Security—Social Security owes $3 for every $1 collected since 1937. According to a report by the Social Security Board of Trustees, by the year 2010 Social Security revenues will no longer cover outlays. Social Security will be bankrupt by 2030. Discussants of Social Security reform include: Bruce Bartlett, National Center for Policy Analysis; Peter Ferrara, Americans for Tax Reform; Lewis K. Uhler, National Tax Limitation Committee; Paul Craig Roberts and Naomi Lopez, Cato Institute.

Medicare and Welfare—According to a Medicare Trustees Report, Medicare will bankrupt in 2002. While entitlements accounted for only 3% of the federal budget in 1955, they now consume 49% of the federal budget, not counting the percentage of state budgets. Commentators include: Robert Helms of the American Enterprise Institute; Stephen Moore of the Cato Institute; and Gerald Miller of the Michigan Department of Social Services.

The Theory of Good Government—How big should government be? Should a rich society require less welfare? Does debt hamper economic growth? Commentators include: Richard  Rahn, former Chief Economist for the U.S. Chamber of Commerce; Harrison Fox, Citizens for Budget Reform; Nobel Laureate James Buchanan; Grover Norquist, Americans for Tax Reform; Donald Lambro, The Washington Times; and former Governor of Delaware Pete DuPont.

The American Economy:  "Two Views from the Right – Dwight Lee and Richard McKenzie"

The lectures of Drs. Lee and McKenzie presented at UTC on April 9, 1995.  Aired by WTCI-45 on May 27, 1995.

(3 copies)

Ayn Rand Seminar 1 & 2

This video is of a conference on "Teaching Economics through the Literature of Ayn Rand" conducted by Dwight Lee and Candace Allen. The novel Atlas Shrugged can make an economic principles course a learning experience by telling a story of the adventures, romances, struggles and ultimate triumph of heroic people committed to the ideals of personal integrity and accomplishment.

Screen production of Rand’s first and semi-autobiographical novel, "We the Living".  Rand describes the story as “not a novel about Soviet Russia.  It is a novel about Man against the State.  Its basic theme is the sanctity of human life . . .”  A two-part video – part one runs 114 minutes, part two runs 60 minutes.

Burkett Miller Lecture Series

Burkett Miller Lecture Series News Clips 1996-2000 (Copy 1&2)

Buchanan, James, November, 10, 1994. The Clinton Administration & The National Economy:  A Mid-Term Assessment." This video is of a conference conducted by Dr. James Buchanan, Nobel Laureate.  Dr. Buchanan's presentation evaluates the success of the Clinton administration in regard to the 1993 tax increases and the prospects for deficit reduction.

Lee, Dwight, March 9, 1995. "The Virtue of Economic Failure and the Failure of Political Virtue."  This video is of a lecture Dr. Lee presented at UTC. He addresses  fears of economic failure which is an integral part of the market economy and special-interest politics' contribution to the widespread misunderstanding of failure in the market economy.

McKenzie, Richard, March 9, 1995. "What Went Right in the 1980s." The focal point of Dr. McKenzie's speech is his opposing view of the1980's, which have long been proclaimed as a time of economic inequality and financial disaster.

Sirico, Reverend Robert A., November 8, 1995. "The Morality of Markets." This video is of a lecture which Rev. Sirico presented at UTC. By examining the ethical, practical, and economic premises upon which virtue and freedom rest, Father Sirico seeks to show the way in which social relations characterized by liberty will best promote human progress and provide the context for the development of virtue.

Murray, Charles O., October 10, 1996. “The Bell Curve.” This video, filmed at UTC’s Roland Hayes Concert Hall, features Dr. Murray talking about his controversial book, The Bell Curve: Intelligence and Class Structure in American Life.

Murray News Coverage.  News coverage of Charles Murray’s appearance as a Burkett Miller lecturer.

Meese, Edwin, November 7, 1996. “Capitalism and Civil Society: Conflict, Coexistence, or Concord?”  The former Attorney General presents a moral and community-based defense of Entrepreneurship and the free market.

Sowell, Thomas, October 9, 1997.  “The Vision of the Anointed”  Sowell, Senior Fellow at the Hoover Institution, first explains who the anointed are: those that espouse moral superiority.  He then discusses how the moral elite have caused problems in our society because of their narrow viewpoints.

Forbes, Steve, November 6, 1997.  “What’s Next for the Economy?”  The former Presidential candidate discusses the future of the American economy.  He also discusses the flat tax plan, which would eliminate today’s federal income tax scheme.

Quayle, Dan, October 14, 1998.  “American Competitiveness”  The former Vice President speaks on the way that America can increase her competitiveness including education, limited government, and entrepreneurship.

Stossel, John. November 4, 1999. “Pandering to Fear: The Media’s Crisis Mentality.” The ABC news media personality presents excerpts from his acclaimed 20/20 video segments, “Greed,” “The Trouble with Lawyers,” and “Are We Scaring Ourselves to Death.”

Walter Williams.  October 19, 2000.  “The Role of Government in a Free Society.”  2 copies.

Walter Williams News Coverage.  News coverage of Walter Williams’s appearance as a Burkett Miller lecturer.

Ward Connerly.  October 4, 2001. “Affirmative Action” by Chairman of the American Civil Rights Institute.

Linda Chavez.  November 1, 2001. “Affirmative Action” by President of the Center for Equal Opportunity.

Business on the Cutting Edge

Dr. Richard Casavant, Dean of College of Business Administration, UTC, interviewed Dr. J. R. Clark, Scott L. Probasco Chair, UTC on WTCI (Copy 1 & 2)


The Famous Chicken of baseball fame humorously illustrates economic ideas and examples in an appealing, stimulating fashion. Chickenomics is a clear, concise explanation of the major characteristics of a market economy. (20 minutes, elementary through junior high.)

Choices and Changes 2000

Connerly – October 4, 2001 Interview with Booker Scruggs “Point of View” TV program

Dr. J.R. Clark News Segments “E-Commerce”

Dr. J.R. Clark News Segment “ TN State Income Tax”

Classical Liberalism Summer Teachers Seminars – June 12-15, 1995 & June 10-13, 1996

Allen, Candace – "Classical Applications with Ayn Rand & Classical Liberalism."

Clark, Jeff – "Why Good Economics and Good Politics Conflict."

Hall, Larry – "Great Thinkers in Classical Liberalism," & Sturgis, Amy-"The Rise, Decline and Reemergence of Classical Liberalism."

Klein, Peter  – "Ludwig von Mises."

Lee, Dwight – "Ayn Rand and Contemporary Classical Liberalism."

Rockwell, Llewellen – "An American Classical Liberalism."

Wilson, Richard – "Classical Liberalism & the Rule of Law in Political Science."

Yeager, Leland – "Ayn Rand and the Morality of Markets."

The Colonel Comes to Japan: KFC

Follows the opening of Kentucky Fried Chicken in a relatively traditional Tokyo neighborhood. (30 minutes)

“Community and the Classroom” and “Excitement in the Classroom” (1 tape)

Design for Liberty

(28 minutes) This video starts out on the design of the constitution.  In 1776, the Continental Congress declared this nation to be independent, Declaration of Independence.  In 1787, the constitution was drafted. This film strongly stresses how the first event leads to the second.

The Economics of Diversity and Multiculturalism

Dr. J.R. Clark and Tammie Fischer present a workshop for teachers at UTC.  October 25, 1996.

The Economics of Diversity and Multiculturalism Pt. 1

Dr. J.R. Clark and Tammie Fischer.  Part one of a teacher’s workshop presented at UTC.  October 25, 1996.

The Economics of Diversity and Multiculturalism Pt. 2

Dr. J.R. Clark and Tammie Fischer.  Part two of a teacher’s workshop presented at UTC.  October 25, 1996.

The Economics of Diversity and Multiculturalism Pt. 3

Dr. J.R. Clark and Tammie Fischer.  Part three of a teacher’s workshop presented at UTC.  October 25, 1996.

Economics USA Series

This series, produced by a grant from the Annenberg Foundation, features interesting interviews with various noted authorities and utilizes rare historical footage in introducing viewers to some of the complex interrelationships involved in economics. There are 28 programs, each lasting 30 minutes, covering such topics as markets and prices, productivity, stagflation, oligopoly, GNP, etc. (high school and adult, 4 programs per tape.)


Markets and Prices: Do They Meet Our Needs? Examines the ways in which a well-functioning, free market price system determines how producers manufacture goods, what goods will be manufactured, and for whom the goods will be produced. (MISSING)


John Maynard Keynes: What Did We Learn from the Great Depression? Analyzes the Depression in terms of the interaction of consumption spending and investment spending, and shows how this analysis differs from classical theory.

Fiscal Policy:  Can we Control the Economy? - A key element of Keynes' contribution to economic theory is his proposition that government can use tax and spending policies to reduce the severity of business cycle fluctuations.

Inflation:  How Did the Spiral Begin? - The causes of inflation in the late 1960s, its impact on the economy, and the difficulties in fighting it.

The Banking System:  Why Must It Be Protected? - how banks operate and how the FDIC (by insuring deposits) and the Federal Reserve Bank (by acting as a lender of last resort) keep bank failures from becoming banking crises.

The Federal Reserve:  Does Money Matter? - How the responsibilities and power of the Federal Reserve have broadened over the years, and how the Fed controls the money supply and influences the level of interest rates and inflation.

Stagflation:  Why Couldn't We Beat It? - How inflation and unemployment can rise simultaneously when there is a supply shock, and how demand management polices can fight cost-push inflation only by increasing unemployment.

Productivity:  Can We Get More For Less?  Explains the factors that affect productivity growth and the various ways in which government has helped or hindered growth.

Federal Deficits:  Can We Live With Them? - Shows that deficits can be either helpful or harmful depending on other conditions.

Monetary Policy:  How Well Does It Work? - How the money supply affects economic growth and inflation and the difficulties of formulating monetary policy.

Stabilization Policy:  Are We Still In Control? - The arguments for and against government policies to stabilize the economy.


The Firm:  How Can It Keep Costs Down? - The introductory lesson in the microeconomics sequence explains the concept of production function, and describes how firms can minimize their costs of production by utilizing an optimal combination of inputs and scale of operation.

Supply and Demand:  What Sets the Price? - The factors that determine the quantity of goods demanded by consumers, and the factors that determine the quantity of goods supplied.

Monopoly:  Who's in Control? - How the degree to which a firm controls a market affects prices and economic efficiency, and the role of government in trying to prevent or regulate monopolies. 

Oligopolies:  Whatever Happened to Price Competition? - How oligopolies try to avoid price competition. 

Pollution:  How Much is a Clean Environment Worth? - Defines the concept of "external diseconomy," shows the ways in which externalities can be calculated, and uses a cost-benefit analysis to determine the "optimum" level of pollution.

Labor and Management: How Do They Come to Terms? - How the demand for labor depends on the marginal value product and the real wage rate, and how labor unions affect the supply of labor, wages, and economic efficiency.

Profits and Interest:  Where is the Best Return? - The economic reasons for payments of interest and normal profits, the causes of "windfall" profits, and how the decision to invest in plant and equipment is related to the interest rate and expected returns on the investment.

Reducing Poverty:  What Have We Done? - Examines the causes of income inequality and analyzes government policies to reduce poverty.

Economic Growth:  Can We Keep Up the Pace? - Examines two of the major determinants of the economy's growth in the 20th Century, and explores whether the continuation of growth is threatened by the depletion of natural resources.

Public Goods and Responsibilities:  How Far Should We Go? - Defines "public goods," shows that a perfectly competitive market will not automatically result in the production of the proper amount of such goods, illustrates the hidden costs of taxation, and shows the problems of determining exactly what and how much the government should produce.


International Trade:  For Whose Benefit? - Illustrates the concepts of specialization and comparative advantage, and shows how trade may hurt certain groups but benefit society as a whole.  Tariffs, quotas, and other trade restrictions can protect certain groups and industries, but usually restrict the amount of goods available and cause prices to rise.

Exchange Rates:  What in the World is a Dollar Worth? - The final lesson shows the effect of exchange rates on trade, domestic economic growth, and inflation, and the effect of domestic economic events on foreign exchange rates.

The Environment & the Economy

 (April, 1990)  4 videos of a one-day conference on the topic of "The Environment and the Economy."  The speakers were Dr. Edward Krug, Dr. S. Fred Singer, Dr. Margaret Maxey and Dr. Richard Stroup.  The conference dealt with the extent to which economic growth and environmental protection are compatible.

Environmental Economics Teachers Workshop – March 8, 1996

This video features internationally-recognized environmental economic educators Donald Wentworth and Richard Stroup presenting a workshop at UTC for teachers.  Presentations include:  "Myths Our Students Believe," "Solving Environmental Mysteries:  Why Do We Destroy the Environment We Love," and "Eco-Detectives:  Teaching about the Economics of the Environment" by Donald Wentworth.  Richard Stroup spoke on:  "Markets:  Friend or Foe of the Environment" and "The Endangered Species Act:  Making Innocent Species the Enemy."  (Contains 3 videos)

Family Business Insight, May 28, 1999

Host: Joe Decosimo.  Guests: J. R. Clark and Jerry V. Adams.  Discussion of the new Tennessee tax plan and its potential impact on the Tennessee economy.

The Federal Reserve

One tape with 4 sections:

The Eye of the Storm (25 minutes, 35 seconds)

The Power of Money (22 minutes, 20 seconds)

What Should the Fed Do? (9 minutes, 30 seconds)

Inside the Fed (29 minutes, 35 seconds)

Firing Line Special Debate

 “Resolved:  The Marketplace is Not a Social Enemy."  Featuring William F. Buckley Jr., Mark Green, and others.  The guests argue topics corporate downsizing, executive salaries, and the gap between rich and poor.  (120 minutes)

Adaptation by Ayn Rand of her 1943 novel.  An idealistic architect takes a quarry job rather than blindly obey his bosses.  When a housing project that he designed is radically altered, he refuses to permit its construction and blasts the site.  He is then brought to trial and chooses to defend himself.  (1 hour, 54 minutes)

Free to Choose (1990 updated version)

An award-winning PBS series featuring documentaries and debates in which Milton Friedman, Nobel Laureate in Economics, uses free market principles to clarify the most serious problems we face.  Each program is a half-hour documentary shot on locations throughout the world.  Also included with each program is an additional fifteen-minute debate or discussion between Friedman and invited guests, including persons with strongly opposing views.  (high school through adult)

The Power of the Market:  Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives.  He also explains the price system.

The Tyranny of Control:  Friedman explains how "established" industries seek government protection or subsidization in their attempts to stop or limit product improvements which they can't control.

A Second Look Anatomy of Crisis: (update)  Friedman examines the Wall Street Crash on October 29, 1929 and discusses how the Federal Reserve could have stopped this from happening.

Freedom and Prosperity:  Friedman examines the relationship between market economics and freedom and wealth. He looks at Eastern European countries and their governments.

The Failure of Socialism:  The demise of the large command economies is analyzed.

Created Equal:  Friedman contends that the phrase, "all men are created equal," does not mean all persons should or will have equal talents or income.  Equal opportunity to better oneself, and the right to personally benefit from the gains realized, are consistent with freedom.  Equality of results requires force.  Taking from some to give to others destroys freedom and removes the incentive for creating new wealth.

A Second Look How to Cure Inflation- Friedman begins with the discovery of gold and how more gold meant higher inflation.  He also looks at Great Britain and Japan and tells how they deal with inflation.

Give and Take

An award-winning classroom television film series of twelve 15-minute color programs in economics for secondary students.  Produced by the Agency for Institutional Television and the Joint Council on Economic Education.  Very good for 9th grade civics or senior high school economics below grade level.  Descriptions follow:

Give and Take Teaching Aid

How to get the most from the Give and Take Video Series in the classroom.

You Choose/Scarcity and Personal Decision-Making:  When Lily Navarro and her friend June decide to earn money over vacation by painting an apartment, they find they have difficulty budgeting their time and managing their money.  They learn an easy five-step decision-making model that helps them solve their problems.

We Choose/Scarcity and Social Decision-Making:  A lunch hour jaywalking accident at school confronts the student council with a conflict between individual rights and social responsibilities.  Crossing guards are one answer, but there's no money to pay for them.  The students discover that, when the issue is consumer protection, reconciling conflicting goals is not an easy task.

Let's Save/Opportunity Costs:  Robert, Ricky, and Paco want to enter their rock trio in a talent contest.  They decide it is a good trade-off to give up movies, records, and other recreational activities to save money for new outfits.  But when Ricky needs part of their savings to honor an earlier commitment, the group is faced with other opportunity costs to consider in making the decision.

Credit wise/Opportunity Costs:  There are many good things about credit, and Tina Leland, a young spendthrift, has discovered most of them.  But when her credit begins to run out, her parents, her best friend, and even her little sister try to convince her that she would be wise to consider the opportunity costs of using credit.

Where Do Jobs Come From?/Derived Demand:  When his mother loses her job because the product she helps manufacture is no longer in great demand, Scott is certain he made the right choice.  He will quit his job and train for another in a field where the demand for a service will keep him in demand, too.  But his sister Lindy faces a tough choice: whether to take a chance and begin a singing career or try a more cautious path.

A Key to Productivity/Human Capital:  While working in Mr. Reilly's locksmith shop, Brett and Carl find that learning a new job skill leads to increased productivity and to better opportunities.  When Reilly's competition comes looking for skilled workers each begins a reevaluation of his career plans in light of his newly acquired worth.

Private or Public?/Public Goods and Services:  Everyone likes the new park the sophomore class has created on a privately owned lot and now a businessman wants to buy it.  Should the park be sold to a private concessionaire for his fast food trolley or should the city try to find the funds to buy it for a public park:  Should it be private or public?

Changing Taxes/Public Goods and Services:  Dennis Jones loses more than his job when the city reduces services after the voters approve a tax cut.  Without money to buy a car, how will he visit his girl, Sarah, who lives in another city?  Romance receives an unexpected benefit when his father's refuse collection business expands in the wake of a reduction in another city service and an unusual set of wheels becomes available.

Market Prices/Supply and Demand:  Three teenagers go into business for themselves and find that it is not always easy to balance supply with demand. First the demand for their new unisex perfume exhausts their supplies.  Then a drastic drop in demand has them searching for new ways to sell the product.

The Changing Market/Supply and Demand:  Three teenagers go into business for themselves and find that it is not always easy to balance supply with demand.  First, the demand for their new unisex perfume exhausts their supplies.  Then a drastic drop in demand has them searching for new ways to sell the product.

Take Your Choice/Substitution:  There are substitutions for almost everything - from new improved products to more economical ones.  When the only delivery truck in a rural community is wrecked, Brian Dougherty finds a way to save the horse his family cannot afford to keep.  He proves that sometimes it makes economic sense to substitute old ways for new.

Why Competition/Market Structure:  There is a monopoly at the school concession stand and prices are high.  A group of students decide that some competition could help the entire student body.  It works; the prices come down all right, but can the group operate its business this way forever?

Hayek Freedom's Philosopher

This video contains nine educational sections for use as a resource for learning.  Tutor and student notes accompany this tape to enable maximum educational value to be gained from the material.

The Complex Voluntary Society 

The Economics of Knowledge

The Process of Tyranny

The Inequalities of Equalization

The Problem with Social Justice

The Economics of Political Choice

Tradition and Society

The Rule of Law

Group Tyranny, Can We Escape?

Hong Kong:  A Story of Human Freedom and Progress

(Modern Talking Picture Service.)  This 28-minute video depicts the story of one of the most successful economies in Asia.  Very good for high school economics classes.

The Industrial Revolution

(3 parts, 90 minutes total).  (Modern Talking Picture Service).  This is a superb, in-depth examination of the industrial revolution.  It is suitable for high school World History students who are at or above, grade level.

The Industrial Revolution in America

(26 minutes, Guidance Associates)  In this video, causes and effects of the Industrial Revolution are outlined.  Accompanied by a teacher's guide, this video is suitable for junior and senior high school American History classes.

Intercultural Contact - The Japanese in Rutherford County

In this documentary, the economic and social impact of one Japanese plant in Tennessee is examined.  (30 minutes, junior high through adult)

Interviewing the Great Minds of America

Phil Donahue interviews Ayn Rand and Milton Friedman.  Two volumes, 90 minutes each.

Is America Number One?

ABC News Special with John Stossel, September 19, 1999

American businesses, products, and culture are everywhere.  But does that make us number one?  How does one measure the best?  In this segment, Stossel attempts to determine what makes a country successful.  By offering comparisons of America, Hong Kong, and India, he shows that the answer seems to be economic freedom, and that, despite its problems, America may truly be number one.  Includes brief interviews with Nobel Prize-winning economist, Milton Friedman, and Federal Reserve Bank economist, Michael Cox.

John Stossel Goes to Washington A.B.C.  20/20

Junk Science

ABC News Special with John Stossel, August 28, 1997

Activists, lawyers, the government, and even the media often use science to serve certain agendas.  And why not?  Polls continuously show that Americans trust scientists more than any other profession.  However, scientific evidence may be distorted or twisted for reasons often having to do with money, power, fame, or glory.  In this segment, Stossel investigates several instances of “junk science” – what you know that may not be so.  Specific examples include the debates over tobacco use, salt intake, dioxin, breast implants, and crack babies.

Karl Marx and Marxism

The impact of Marx on the 20th century has been all-pervasive and worldwide.  This program looks at the man, at the roots of his philosophy, at the causes and explanations of his philosophical development, and at its most direct outcome:  the failed Soviet Union.  (52 mins.  Color)

Kingdom of Mocha and Return to Mocha

A two-part entertaining, animated video in which basic economic principles are explained.  (26 minutes each, grades 6-12.)  This video is popular with both junior and senior high school teachers and students.

21st Annual Leavey Awards

Liberty and Economics:  The Ludwig von Mises Legacy

This unique film shows Ludwig von Mises, this century's foremost economist,  as a man who never stopped fighting for freedom-not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won.   Mises shows that socialism had to fail, that central banking causes recessions and depressions, that the gold standard is hones money, and that only laissez-faire capitalism is fully compatible with Western civilization.  This film does justice to this extraordinary man, and to his equally extraordinary ideas.  (38 min. color)

Market Failure Externalities

This video begins by explaining the concept of public goods.  Then, positive and negative spillover effects, known as externalities, are discussed.  Examples are given for each type of externality as well as potential ways to enhance positive and reduce negative spillover effects.  To illustrate other methods to reducing negative externalities, environmental policy and resource conservation are discussed.  Running time: 27 min.

Money, Banking, and the Federal Reserve

The Ludwig von Mises Institute presents a film which is a most compelling explanation ever offered of the Fed, and the alternative of sound money and banking.

Morality in Environmental Regulations

J.R. Clark  09/27/00

Multiculturalism and Diversity Teachers Workshop – October 25, 1996 (MISSING)

This video features Tammie Fisher from the University of Nebraska and Probasco Chair J.R. Clark presenting a workshop at UTC for teachers.  The main topic presented is the effects of multicultural program on communities.  “Classroom Lessons for Teachers” and “ The Role of Markets in Diversity and Multiculturalism” are among the presentations. 

New Enlightenment Series

Six 30-minute documentaries contained on 3 cassettes tell the behind-the-scenes story of the death of socialism.  This series features many of the key thinkers who have waged this battle of ideas, including F. A. Hayek, Milton Friedman, and James Buchanan.  This series is provocative but interesting. It is intended for advanced high school students or adults.  Titles of the six parts are as follows:

Road from Serfdom

Flashpoint of the Welfare State

Looking After Yourself

The Return of the Entrepreneur

A Constitution for Liberty

North, South, East, West

The Pacific Century

Annenburg/CPB project.  The following 4 one-hour videos from this acclaimed new PBS series will be available very soon.  These four videos deal with economic issues.  With the internationalization of the economy, this is a vital series for high school social studies students.

 2.            Meiji:  Asia's Response to the West explores Chinese, Japanese and Korean reactions to 19th century colonialism--reactions that continue to the present day.  By far the most important of these was the 1868 Japanese Meiji Restoration.  Japan became the first industrially and technically underdeveloped nation to modernize itself and become a great power.  In contrast, China, beset by internal division, external challenges and corrupt rulers, was unable to change quickly and thus declined in power and influence.

 6.            Inside Japan, Inc. considers the political, historical, and cultural underpinnings of Japan's post-war economic miracle both in the wealth it brought to the Pacific Basin, and in its creation of a new Asian model of capitalism.

 7.            Big Business and the Ghost of Confucius addresses how Asia's newly industrialized countries--Taiwan, South Korea and Singapore--are moving quickly to the forefront of the world economy.  Their rapid economic development raises fundamental questions about how Asian-Pacific societies have entered the modern world and the role of the state in economic growth.

 10.          The Pacific Century:  The Future of the Pacific Basin looks at the difficult social problems--pollution, population growth, trade friction, immigration--that are shared by the entire region.  In the context of the growing economic and ecological interdependence of the Asian-pacific nations, this segment examines emerging international conflicts as well as possible solutions.

The Rise of the American Labor Movement

 A 23-minute two-part film strip series with cassette, produced by Random House.  In the materials, the growth of the American labor movement from the end of the Civil War through the passage of the national labor Relations Act of 1935 is depicted.  A teacher's guide is available.  The materials are suitable for junior and senior high school American history classes.

Scholastic Vouchers:  A Parent's Guide to Real Choice in Education

The case for school vouchers as an alternative to the existing system of public education is fully presented in this video.  A computer graphics format is used to present information in the guise of a cartoon character, "Horace," learning about school choice by reading his computer screen on which considerable statistical data are ably presented. (29 min., 41 sec., color)

Solving the Economic Mysteries 1 & 2

This is a video of a seminar given by Joyce Tatum and Lucien Ellington.    Participants are introduced to interesting economic themes that can be incorporated into their U.S. History classes and are able to work with the exciting new U.S. History curriculum material "Eyes on the Economy:  American History.  "Eyes on the Economy:  American History," consists of two curriculum guides written by a team of classroom teachers, economists, and economic educators.  Each lesson is a case study of an actual event and is presented to students in the form of a mystery.  Students then employ some rudimentary economic generalizations to solve the mystery.

Spend and Prosper:  A Portrait of J.M. Keynes

Few 20th-century economists have had the impact of Keynes—the brilliant author of the Keynesian revolution—and his break-the-mold assertion that economies can achieve equilibrium without full employment.  This program from the BBC archives, through interviews with Keynes and those who knew him, traces his life and ideas.  Quentin Bell, J.K. Galbraith, and Ninette de Valois discuss Keynes’ Theory of Employment, Interest, and Money within the context of the 1970s Monetarist views which faulted Keynes for not having addressed the dynamics of inflation.  How Keynes might have viewed modern clashes between labor and industrial management is discussed, along with his belief in economics with a moral basis.    (53 mins.  Color)

Stossel in the Classroom



Are We Scaring Ourselves to Death

The Surprising Effects of Globalization

This presentation is delivered by Russell Roberts, from George Mason University, at the Federal Reserve Bank of Dallas Conference, Myths and Realities of Globalization, November 4, 2004.

Tennessee Dollars: Where They Come From; Where They Go (The Democracy Series)

Dr. J.R. Clark interviewed by Kathy Conkwright of Nashville Public Television (NPV) on September 11, 2000. Discussion about the Tennessee budget and tax dollars.  Running time: 57 minutes

Tennessee Tax reform—J.R.Clark & Jerry Adams

Thomas Jefferson, A Film by Ken Burns    Running time:  3 hours

Part One: A young Thomas Jefferson from the Virginia wilderness is transformed by the fire of the Enlightenment into his country’s most articulate voice for human liberty. Torn between serene family life at Monticello and his passion for politics, Jefferson suffers heartrending personal loss, even as he gives voice to a new era of democratic government. He then journeys to Paris as U.S. Minister to France for George Washington and supports the rising French Revolution.

Part Two: Returning from France, Jefferson strives to preserve the new, fragile American government and helps create the first political party through his bitter struggles with the Federalists. As third President of the United States, he doubles the size of the country with the Louisiana Purchase, but faces controversy and scandal, finally retiring to his loved Monticello. His last years are spent founding the University of Virginia and re-  establishing his friendship with John Adams. By the end of his remarkable life, he had advanced the cause of religious, political, and intellectual freedom everywhere and had changed the course of human events.

Thomas Jefferson:  A View from the Mountain        Running time:  114 minutes

A biography about race, slavery, and the new nation

This video chronicles the life and writings of Thomas Jefferson in relation to how his upbringing, his education, and world events shaped his views on society, politics, and, in particular, race relations.  It explores the dilemma Jefferson faced as a man whose life as the head of a Southern plantation and the owner of some 400 slaves put him in direct conflict with his philosophical views that all men are born equally free and oppression in any form is morally wrong.  The video describes Jefferson’s personal and private struggle with the issue of slavery, and examines the idea that Jefferson, the man, defines America:  “If Jefferson is right, America is right.  If Jefferson is wrong, America is wrong;” thus laying the foundation for much debate on his life, values, and morals.  The video also tells of the scandal during Jefferson’s presidency of his affair with Monticello slave, Sally Hemmings, and explores the possibility of this relationship.

The video is divided into two parts – the first recording Jefferson’s life up to and through the American Revolution, and the second continuing after the revolution ends – and includes comments from noted historians such as Pulitzer Prize-winner Gordon Wood, former Congresswoman Barbara Jordan, and Jefferson biographer Merrill Peterson.

Trade Offs

Choice:  This lesson introduces the important concept of opportunity cost.  The program is about children who, like everyone else, have limited amounts of resources such as time and money.  The children recognize that they must frequently choose between the different ways they can use their resources.  Inevitably, choosing one thing means giving up the opportunity to choose something else.

Malcolm Decides:  This lesson is about personal decision-making.  The program introduces a five-step process of decision-making that can be used to make all kinds of decisions.  The steps are:  1) Define the program; 2) List alternatives; 3) State criteria; 4) Evaluate alternatives; and 5) Make a decision.

We Decide:  This lesson is about social decision-making.  It applies the five-step process introduced in Lesson 2 to a social decision.  A decision-making grid is presented in both the live action and the special visual segments of the program to show how alternative ways of assigning limited bike-rack spaces can be analyzed in terms of various criteria.  The terms alternatives and criteria may need review and emphasis.

Give and Take:  This lesson is about trade-offs.  It examines decisions involving conflicting objectives and indicates that some decisions do not have to involve an all-or-nothing choice.  The important idea of trade-offs is introduced and defined as giving up some (but not all) of one thing in order to get some (but not all) of another.  Trade-offs can involve more than two things, and many combinations are possible.

Less and More:  This lesson introduces the general concept of increasing productivity and the accompanying advantages and disadvantages.  it defines productivity as the amount of output (or production) per unit of input.

Working Together:  This lesson examines specialization and the division of labor as one way of increasing productivity.  With each person specializing in one part of a whole job, output per unit of input can be increased.  The increased productivity can be used to increase output and income or it can be used to free people to do other things.  However, specialization has disadvantages as well as advantages.

Understanding the Japanese Economy

 An exciting, educational video which discusses three major factors in Japanese economic success: Japanese education, the structure of the Japanese corporation and international relations. (40 minutes, high school through adult)

VIRTUAL ECONOMICS, version 2.0.2

The Virtual Economics CD-ROM was funded, in part, by the National Science Foundation and is published by the National Council on Economics Education.  Virtual Economics contains the National Standards in Economics linked to thousands of lessons in the electronic resource library, materials and links for the Stock Market Game, curriculum units on economics and the environment, personal finance, And Advanced Placement economics. It is available for both Macintosh and Windows users.

The Wall Street Journal Classroom Edition – Vol. 5 #7

Where the Bankers Bank Federal Reserve Bank of St. Louis

This video takes you through a tour of one of 12 District banks that make up the Federal Reserve.  Students learn the path a check takes when a trip to a St. Louis baseball Cardinal game is used as an example.

Where Historians Disagree:  Evaluating the New Deal

The objections and reasons for the New Deal and its true effect on the problems of its time are analyzed.  Suitable for high school U.S. History classes.

Witness to History:  The Great Depression. 

This 15-minute video, produced by Guidance Associates, uses archival news footage to depict major events of the Great Depression for high school students.


The Bell Curve – by Charles Murray and Richard J. Herrnstein. Intelligence and Class Structure in American Life.

Great Economic Thinkers – Audio lectures in the history of economic thought.

The Classical Economists

The Vision of Leon Walrus

Karl Marx:  Das Kapital

The German Historical School

Early Austrian Economics

Joseph Schumpeter and Dynamic Economic Change

The Keynesian Revolution

Struggle Over the Keynesian Heritage

Frank Knight and the Chicago School

Alfred Marshall and Neoclassicism

Monetarism and Supply Side Economics

The Austrian Case for the Free Market Process

Thorstein Veblen and Institutionalism

The Ideas of F.A. Hayek – Two audio tapes from the Canadian Broadcasting Corporation, narrated by Brian Crowley.  An introduction to the life and thought of F. A. Hayek.


Free Market Environmental Bibliography – Fourth Edition 1995-1996

Competitive Enterprise Institute - While there is broad agreement about the importance of environmental protection, many believe that new approaches to environmental problems are necessary for environmental progress to continue.  One approach that is increasingly popular is free market environmentalism (FME).  FME is an alternative paradigm for environmental protection that focuses on how institutional arrangements empower or inhibit private actors to address environmental concerns.  Supporters of FME believe that the same institutions which have generated wealth and ensured individual liberty — property rights, market exchange, rule of law — are the best hope for ensuring quality, now and in the future.

Economies in Transition: Command to Market, 1997, National Council of Economic Education.

A teacher resource manual filled with examples and lesson plans to explain principles of economics and the transition from command to market economies in eastern Europe. From Economics America.

Debtbusters 2002

From the Concord Coalition, this is a role-playing experience that challenges students to balance the federal budget. The students form budget committees and follow procedures used on Capitol Hill in this simulation. Students will use real figures and programs from the current year’s budget in determining which programs to cut and whether to raise or lower taxes while experiencing the pressure that is placed on policy makers by special interest groups and constituents. The activity contains an instruction packet for the teacher which provides a thorough description and overview of the simulation, and step by step procedures for conducting the session, for selecting the site of the session, the actual exercise, and the debriefing of the students.  All the materials for the session are provided. This activity can be modified to suit desired age groups.


A joint publication of the E. Angus Powell Endowment and the Federal Reserve Bank of Richmond, Econ-Exchange includes an essay on unique economics topics by noted scholars, as well as sample lesson plans for the elementary, middle and high school levels.  Issues available:  Spring and Fall, 1998; Spring, 1999

A Primer on the Debt and Deficit provides students a brief explanation on topics such as the federal budget deficit, the national debt, and flow of government expenditures, including charts and graphs for visual interpretation. 

The Options Booklet provides a definition of one of the interest group’s spending categories, like Domestic Discretionary Spending, and illustrates several budget proposals within that area, such as Health, Education, and Welfare.  From this, students decided whether to accept or reject the proposal. 

The Options Summary is a condensed version of the Options Booklet for student use during the game.

Budget Area Overviews furnishes brief definitions of each of the spending categories and corresponding negotiation sheets to record spending decisions. 

A Tally Sheet for the specific budget area being managed is also provided for easy recording of student decisions. 

The Summary Sheet allows compilation of the records from each of the four spending categories to determine the total budget plan.

A Budget Board Game is also included which can be used as a tool to introduce government spending, as a warm-up for the budget simulation, or as a review of material.  The game can be played in three ways:  students allocate funds to areas of the budget, students learn where government money comes from, or students experience the difficulty in deciphering the choices that policy makers face when allocating funds.  The instructions and game board are included in the packet.

From Plan to Market:  Teaching Ideas for Social Studies, Economics, and Business Classes

From the National Council on Economic Education, this is a collection of ten secondary lesson plans on the transitions in national economies and the challenges that occur when an economy is changing. Topics include Soviet Communism and the reforms of China,  Poland, and Russia.  Privatization, monopolies, trade, inflation, a market economy, and income distribution are among the subjects of the lessons.   The lessons include content standards, concepts, objectives, estimated teaching time, and a list of materials including visuals and activities provided in the packet. 

Voucher Wars:  Strategy and Tactics as School Choice Advocates Battle the Labor Leviathan

Part of the Milton and Rose D. Friedman Foundation’s Issues In School Choice Series and written by Daniel McGroarty, this is a report on the debate whether to let parents choose the school their child will attend.  The report includes data from state studies as well as political activity that has arisen on the subject.