For citizens to function effectively in their roles as voters, consumers, workers, investors, and managers, they need to understand the principles of free enterprise which form the foundation of the American economic system. As a result of an initial bequest from the estate of Burkett Miller, the Probasco Chair was established to develop and implement policy, programs, and activities to fulfill this need. The mission of the Probasco Chair of Free Enterprise is to develop, through the educational field, that type of political, social, and economic environment which will permit private enterprise to achieve its proper perspective in American economic life.
The Probasco Chair pursues its mission through four functional areas. Specifically, the Chair:
- Organizes Lecture Series for the University
- Presents Lectures to Civic and Professional Groups
- Produces Publications for Professional Audiences and the Lay Public
- Engages in Consulting and Programming with Chair Sponsors
"A wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labour the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities."
First Inaugural Address
March 4, 1801