State of Wisconsin
Department of Public Instruction
John T. Benson, State Superintendent, Robert H. Gomoll, Deputy State Superintendent
January 23, 1995
I have just had the opportunity to read your manuscript on Democratic Capitalism. It is one of the most important and interesting books to be written on the economic and political
foundations of our republic. The centrality and rationality in your argument is one that all policy makers should understand and practice. I am particularly intrigued with the historical base upon which you build and specifically, the attention given to Jefferson and Adam Smith, who gave us the simple yet profound precept that the free market cannot function unless it is encased in ethics.
Your economic analysis of both historical trends and events, while unorthodox, is persuasive And I will carry your analytical template into my discussions of our economic history, and will, through them, apply a broader perspective to contemporary events.
Sometime in the near future I would like to talk with you about the possibilities od developing a center in your name on “Capitalism and Democracy” at Hamline University.
Michael Hartoonian, Supervisor
Social Studies Education