Certificate in American Capitalism

Niemi Banner with Dallas

Certificate in American Capitalism

Wars, recessions, industry migration, technological innovations and changing demographics have all played critical roles in the evolution of the U.S. economy.

If we are to navigate today’s business landscape and see how it might shift in the future, we need to understand our past. The Certificate in American Capitalism provides an overarching analysis of the evolution of American capitalism and the global challenges ahead.

For more than 40 years, Albert W. Niemi, former dean of the SMU Cox School of Business, has been fascinated by the U.S. economy. In this wide-ranging three-morning certificate course, Dr. Niemi will share his insights about the road we’ve traveled and the critical shifts that lie ahead.

You’ll explore how the states’ constitutional economic power is determining winners and losers in the fight for jobs; how Americans became the world’s most heavily taxed people; causes of the growing gap between rich and poor; how our eroding education advantage is affecting the U.S. workforce; the impact of higher spending and taxation on our competitive position; and closer to home, why Texas has the best business climate in the nation.


"The Certificate in American Capitalism was time well spent. Dr. Niemi's teachings changed my perspective on the engine that made America great- covering topics from entrepreneurship to government, immigration to automation, and agriculture to the internet. The material covered can help business professionals build a road map for a successful future in a global market."

Robert J. Schlegel
Chairman & CEO, Bedrock Logistics
Founder & Retired CEO/Owner, Pavestone Company

Program Format: 

Three days, 8 a.m. – 12:30 p.m.

2018 TBD 
CPE Hours: 12

James M. Collins Executive Education Center | SMU Campus, Dallas, TX



To learn more reach Maribeth Kuenzi at 214.768.3096 or email mkuenzi@smu.edu

Who should attend
  • Business leaders at all career levels 
  • Entrepreneurs 
  • Interested citizens


Structural change in the American economy

  • The rise and fall of American manufacturing
  • The automobile industry: creative destruction at work
  • Labor unions: the good, the bad and the ugly
  • The technological revolution in agriculture and the destruction of rural America

Human resource issues: the changing American workforce

  • Immigration and the U.S. economy
  • The changing economic situation for minorities
  • The evolving role of women in the workforce
  • The disappearance of the middle class
  • Rich and poor: the growth of inequality in the U.S.

Global competition and America’s future

  • The Constitution of the United States of America
  • The growth of government and the drift toward socialism
  • Growth in entitlement programs and defense spending
  • Competition in America: the rise and fall of cities and states
  • Texas vs. California: why Texas is winning the battle for jobs
  • Challenges to America’s global standing

Albert (Al) Niemi PhD

Dr. Niemi is the dean of the Edwin L. Cox School of Business at Southern Methodist University (SMU) and holds the Tolleson Chair in Business Leadership.  His areas of expertise are economic growth, economic forecasting, and American business history.  He earned the PhD and MA degrees in economics from the University of Connecticut.  Dr. Niemi graduated cum laude from Stonehill College with an AB degree in economics.  Before coming to SMU, Dr. Niemi served as dean of the Terry College of Business at the University of Georgia from 1982-1996.

Dr. Niemi is an active teacher and scholar.  He has taught more than 15,000 students and consistently has been recognized for distinguished teaching.  Dr. Niemi has written six books and more than 200 articles for leading academic journals and business periodicals.

Since arriving at the Cox School of Business, Dr. Niemi has increased the school’s national and international visibility.  Cox’s BBA, MBA, Professional MBA, and Executive MBA programs are ranked among the best in the world by Business Week, Wall Street Journal, U.S. News & World Report, Forbes, Financial Times, and The Economist.  Dr. Niemi is an effective fund-raiser, and he has increased the school’s endowment from $78 million to more than $160 million.  The new endowment funds have created ten new endowed faculty positions, seven new endowed centers and institutes, and sixty new endowed scholarships.  In addition, he has raised $19 million to support the construction of the James M. Collins Executive Education Center.

Dr. Niemi is active in the business community and speaks to numerous civic and business groups across the nation.  He also serves as a guest columnist for D CEO magazine.  He served as economics editor and wrote a monthly column for Georgia Trend magazine from 1985 to 1996.  In 1992,  he was named the best regular feature writer in the nation by the Association of Area Business Publications.  Dr. Niemi serves on the Board of Directors of the Sanders Morris Harris Group, Inc. (SMHG) and the Bank of Texas.

Dr. Niemi is involved in the community and serves on the Executive Committee and Board of Directors of the World Affairs Council of Dallas, the International Advisory Council of the Greater Dallas Chamber of Commerce, the Advisory Council of The Catholic Foundation and the President’s Council of the Dallas Center for the Performing Arts.

Dr. Niemi has worked extensively in business school and university accreditation.  He  has chaired or served as a member on Accreditation Review Teams to more than twenty universities including Boston College, Dartmouth, Emory, Washington University, DePaul, Vanderbilt, Claremont, William and Mary, North Carolina, South Carolina, Wake Forest, Florida, Texas, Colorado, Syracuse, Monterrey Tech (Mexico), INCAE (Costa Rica), University of Monterrey (Mexico), the Autonomous Technological University of Mexico and IESA (Venezuela).  He recently completed three year terms on the Board of Governors of the American Association of University Administrators and Beta Gamma Sigma.

Dr. Niemi and his wife Maria have two grown children, Albert III and Edward Charles.