University of Arkansas

Walton College

The Sam M. Walton College of Business

Certificate for the Study of Capitalism

The certificate for the Study of Capitalism program is intended for students who wish to supplement their education with a course aimed at providing a better understanding of capitalism.

The Logistics of Capitalism

Often referred to as the free enterprise system, capitalism has been defined as the socio-economic system based, first and foremost, on the recognition and protection of individual rights. It is in this spirit that the referenced certificate of study may be currently earned by completing the online course entitled The Logistics of Capitalism.

Certificate Coursework

  • Comprised of 60 video sessions
  • Self-paced
  • Lectures built around 20-30 multiple choice and true/false quiz questions
  • Interactive video sessions

Why Take This Course?

  • Discover why many consider capitalism to be the most moral and effective socio-economic system known to mankind.
  • Learn how the protection of individual rights can lead to prosperity.
  • Exercise your aptitude for critical thinking.
  • Explore your capacity for objective thought.
  • Study how statism, cronyism, and protectionism threatens the source of human well-being.
  • Identify and consider solutions to a society’s political, social, and fiscal difficulties.
  • Analyze the brilliance of the nation’s founders when framing the Declaration of Independence with the U.S. Constitution.
  • Examine ways that capitalism benefits the greatest number of people to the greatest extent.

How do I enroll?

Register for the Course

Program Cost: $200


Students may take as long as one year to complete the course and will receive college credit in the form of a certificate rather than credit hours. On completion of the course, students who have answered 60% or more of the quiz questions correctly will be awarded a Certificate of Achievement for the Study of Capitalism. Otherwise, they will be presented with a Certificate of Participation.

About the Instructor

Wes Kemp

Wes Kemp retired as president and chief executive officer for ABF Freight System on January 1, 2012. He joined ABF as a management trainee in 1969 upon graduation from the University of Arkansas with a BSBA management degree.

He also successfully completed the Executive Program at Northwestern University in Advanced Transportation/Logistics Management and held a variety of positions during his 42-year ABF career including senior vice president of operations and vice president terminal operations.

Wes and his late wife, Sharon Ann, were married for 46 years and have two adult children, Wes II and Caroline. He is an elder in the First Presbyterian Church of Alma, Arkansas, and has served on the board of directors for the following organizations:

  • Bost
  • Mack-Blackwell Transportation Center
  • Supply Chain Management Research Center
  • Walton College Dean’s Executive Advisory Board
  • Economics Arkansas
  • Economics Arkansas Foundation

In 2005, he and his wife established the Wes and Sharon Kemp Doctoral Fellowship in the Walton College to support students in the field of transportation logistics and were subsequently inducted into the Towers of Old Main Society. They also gifted funds in 2014 to advance the study of free-market capitalism. Wes also established an endowed scholarship in memory of his wife for the advancement of free enterprise. He recently joined six other investors for the purchase of Capitaf, Milton Friedman’s summer estate in Vermont, which will be converted into a conference center for the study of the free market principles advanced by Dr. Friedman.

In retirement, Wes serves as an executive in residence and adjunct instructor in the Walton College where he taught the course entitled The Logistics of Capitalism for four years. He is also the adviser to the Young Americans for Liberty chapter on campus.

Course Environment

Students will be assigned a BlackBoard account. BlackBoard is a learning management system used by many colleges and universities to provide information about a course and capture such things as test results.

Shortly after each session, students may access their BlackBoard account and determine their most recent quiz results as well as their cumulative score to date.

Course Expectations

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