Jim Hubert's Home Page (A work in process since 1992)
Seattle Central College
Business Administration Program
Personal Philosophy: Education is the progressive discovery of our ignorance, Will Durant, Historian
Garfield High School, 1961
University of Washington, B.A. in Business Administration, 1971
University of Washington, M.A. in Economics, 1973
University of Washington, Post-Masters studies in Econometrics and Finance, 1976
U.S. Marine, teamster, real estate appraiser, central banker, trade organization executive, part-time instructor (12 years), mortgage banker and, as of 1988, a tenured member of Seattle Central's Economics faculty
Are you curious about economics?
You are welcome to "sit-in" on any of my classes. Come and observe my students explore the world of economic behavior. Economic classes are a blend of theory and its application to world of individual choice. My students and I enjoy questioning conventional wisdom and the world of political correctness.
301 Fine Arts Building (Masonic Temple)
10:00 - 10:50 MTThF
(Or by appointment)
Philosophical Nuggets of Wisdom:
Will Durant (1885-1981)
Nature smiles at the union of freedom and equality in our utopias. For freedom and equality are sworn and everlasting enemies, and when one prevails the other dies. Leave men free, and their natural inequalities will multiply almost geometrically, as in England and America in the nineteenth century under laissez-faire. To check the growth of inequality, liberty must be sacrificed, as in Russia after 1917. Even when repressed, inequality grows; only the man who is below the average in economic ability desires equality; those who are conscious of superior ability desire freedom, and in the end superior ability has its way.
L. von Mises, Human Action, 1949
"One may try to justify (such a system of social security) by declaring that the wage earners lack the insight and the moral strength to provide spontaneously for their own future. But then it is not easy to silence the voices of those who ask whether it is not paradoxical to entrust the nation�s welfare to the decisions of voters whom the law itself considers incapable of managing their own affairs; whether it is not absurd to make those people supreme in the conduct of government who are manifestly in need of a guardian to prevent them from spending their own income foolishly. Is it reasonable to assign towards the right to elect their guardians?"
Milton Friedman, the New York Times Magazine, September 13, 1970
"There is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition, without deception or fraud."
Cicero, 106 - 43 BC
The foundation of justice is good faith - in other words, consistency and truthfulness in regard to promises and compacts.
J. Hubert, 2001