Ethics, Families, Entrepreneurship and the Corporation

Princeton, USA | March 9-11, 2006

Conference in honor of the late Peter T. Bauer, whose contributions to the public dialogue about economics and economic policy-making were unmatched.

In partnership with The Witherspoon Institute, the conference was in honor of the late Peter T. Bauer, whose contributions to the public dialogue about economics and economic policy-making were unmatched.  As a professor of economics at the London School of Economics, he shifted public discussion from macro-economic Keynesian approaches to a concrete look at the micro-economic preconditions for success.

Peter Bauer was especially worried about the way in which state planners subverted and destroyed traditional institutions which were actually essential to the smooth functioning of a market.  One of the most obvious of these foundations was the family, and Peter Bauer devoted a considerable part of his analysis to these problems.

Directed by Princeton University professor Harold James, the conference aimed to study how the family has played, does play and will continue to play a decisive role in the history of capitalism. 

Academic Leader

Harold James - Princeton University


John Ward - Kellogg School of Management, Northwestern University
The Role of Family Business in our Economy: A review of family business performance and how it works differently

Harold James - Princeton University
A Historical Perspective on the Family Firm

Isabelle Le Breton-Miller and Danny Miller - University of Alberta School of Business
Priorities, Practices and Strategies in Successful vs. Struggling Family Businesses

Randall Morck - University of Alberta School of Business
Why Family Firms Came to Predominate in Some Countries, but Not Others

Christopher Kobrak - European School of Management (Paris)
The Rise and Fall of International Family Banking: Private Banks, Capital Markets and Regulation

Andrea Colli - Università Bocconi
When the Family is Strong, When the Family is Weak: Lessons from a Century of Italian Capitalism

Harmut Berghoff - Institut für Wirtschafts- und Sozialgeschite, Georg-August-Universität Göttingen
Persistence or Demise of the Classic "Mittelstand"?: Small and Medium-sized Family Firms in the Federal Republic of Germany

John Padgett - University of Chicago
Organizational Invention and Elite Transformation: The Birth of Partnership Systems in Renaissance Florence

Robert Lerman - American University, and W. Bradford Wilcox - University of Virginia
The Wages of Wedlock: How and Why Marriage Reduces Poverty and Material Hardship

Nuria Chinchilla - IESE Business School
Why Become a Family Responsible Employer?

Samuel Gregg - Acton Institute
The Family and the Market: Insights from Adam Smith

Michael Novak - American Enterprise Institute
The Forgotten Family


Michael Reynolds - Princeton University
An Overview of Entrepreneurship and the Family Business

Mark O'Brien - The Witherspoon Institute
Strategies of Family Business

Paul D. Moreno - Hillsdale College
Characteristics of the Family Firm

Ken Kersch - Boston College
Lessons from Europe

Margarita Mooney - Princeton University
Marriage's Effects on Income, Poverty, and Economic Behavior, and The Work Place's Effects on Families

Ana Samuel - The Witherspoon University
The Family Business in the Larger Social Order: Internal and External Views