Activities of the Academy Foundation
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Today’s students are tomorrow’s leaders, and the Academy’s emphasis on free market capitalism, individual freedom and responsibility, limited government and the philosophic traditions on which these are based will promote student leadership, initiative and creativity. These students and future leaders, in turn, are vital to a productive and successful society for all Americans.
Likewise, the research supported by the ACLG Foundation will focus on its founding principles. Subject areas include:
- the philosophical, moral and economic underpinnings of capitalism
- the societal impact of new technologies and the mechanisms that will promote economic and social well being as science advances
- economic growth as a function of tax policy
- how free market capitalism can:
- become more effective in providing opportunities and prosperity for individuals and nations;
- find solutions to social challenges such as health care distribution, intransigent poverty, environmental pollution and failing educational systems;
- encourage individual rights and individual responsibility as a counterpoint to the culture of entitlement, dependency and victimhood;
- examine the attainment of economic and social values in globally integrated and unsubsidized economies;
- study how government policies can be conducive to business development and job creation in particular;
- examine linkages between heightened living standards and free market systems;
- find solutions to existing problems facing societies and governments operating at extreme debt levels;
- study the relationship between economic growth and reduced government size, lessened regulatory control and expenditures;
- provide quality human services using market driven creativity and non-governmental organizations.
- related topics that show particular promise from University of Illinois faculty and other investigators.
Another important facet of the ACLG Foundation’s purpose is outreach, which will include lectures, symposia, seminars, conferences, partnerships with other institutions and publications to disseminate the results from research and teaching activities. These findings will be circulated to academics, individuals and groups responsible for economic and public policy development. Outreach activities may also involve engaging teachers in grades kindergarten through high school to improve economic and financial literacy. The advancement of these vital principles through instruction, research, lectures and outreach of Academy fund scholars will benefit University of Illinois students as well as the lives of individuals across the spectrum of society.