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Fundamental to both business and economics is the creation of value in the marketplace. This course examines competing economic systems (capitalist vs socialist) and their ability to create value for society. The course engages modern texts in addition to classical texts from Adam Smith and Karl Marx. The role of entrepreneurs and business persons in contributing to a flourishing society will be emphasized. In addition to in class discussions, lectures and activities, you will be expected to participate in several experiences outside of the classroom.