Northwood University Expands Thought Leadership Resources with New Addition to In Defense of Capitalism & Human Progress Library

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Noted economist and professor Richard Ebeling’s latest contribution examines the rise and fall of 20th century liberalism from historic vantage point, with a look toward the future of individualism over collectivism

The latest addition to Northwood University’s comprehensive opinion blog library, In Defense of Capitalism & Human Progress, examines liberalism’s evolution in-depth.

Penned by Northwood University professor of economics and respected author Richard M. Ebeling, this newest addition to the university’s unique thought-leadership library, “Before Modern Collectivism: The Rise and Fall of Classical Liberalism,” examines the development of the classical liberal ideal of individual liberty, free markets, and limited government, and the liberal agenda of freedom in the 19th century. The rise of the counter-revolution of reactionary collectivism that falsely promised a higher and better freedom than liberal individualism is dissected, as well as how it developed and why its premises were both dangerous and destructive in the 20th century. Ebeling also prescribes the course of action required to bring about a return to the classical liberal principles of individual rights, private property and the voluntary society.

With the 100th anniversary of the catalyst for World War I looming - the assassination of Archduke Franz Ferdinand, the heir to the Austro-Hungarian throne, and his wife, Sophie - Ebeling examines how this event and the subsequent war served as a means to bring up a host of 20th century “collectivist demons” in some areas of the world, including communism, fascism, Nazism, socialism and other “general authoritarian forms.”

However, as Ebeling notes, in Western Europe and the United States, these extreme forms of collectivism never were able to gain power, but the “socialist seeds took root and merely germinated into less totalitarian forms,” becoming what he calls “the interventionist-welfare state.”

Ebeling is a well-noted authority on monetary economics and reform. While serving as vice president for The Future of Freedom Foundation (FFF), he co-edited and contributed to five books published by the FFF and wrote a monthly article and book review for FFF’s publication Freedom Daily. He also lectures widely on the problems of economic reform and change in the former Soviet Union and Eastern Europe. Ebeling received his B.A. in economics from California State University-Sacramento, an M.A. in economics from Rutgers University and a Ph.D. in economics from the University of Middlesex in England. He recently spoke on the rise and fall of liberalism at the Hungry Minds Discussion Club in Denver on Feb. 8.


Northwood University is committed to the most personal attention to prepare students for success in their careers and in their communities; it promotes critical thinking skills, personal effectiveness, and the importance of ethics, individual freedom and responsibility.

Private, nonprofit, and accredited, Northwood University specializes in managerial and entrepreneurial education at three full-service, residential campuses located in southern Florida, mid-Michigan and northern Texas. Adult Degree Programs are available in eight states with many course delivery options including online. The DeVos Graduate School offers day, evening and weekend programming in Michigan, Texas and Florida. The Alden B. Dow Center for Creativity and Enterprise provides system-wide expertise in family enterprise, entrepreneurship, creativity and innovation, and new business development. International education is offered through study abroad and in Program Centers in Switzerland, China (Changchun and Wuxi), Malaysia and Sri Lanka.

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