[1] He later took over his father's concerns, including the Indiana Telephone Company, Peoples Loan and Trust, and the Ayrshire Collieries Corporation.

[1][2] As trustee, he advocated the Great Books curriculum popularized by Mortimer J. Adler and Robert Maynard Hutchins, which the school adopted in 1946.

[2] He also built the Goodrich Seminar Room in Wabash’s main library, dedicated to liberty.

[1][3] He wrote Liberty Fund Basic Memorandum, a 129-page booklet with instructions on how to run the think tank.

[2][3] In 1973, LibertyPress published Goodrich's essay "Education in a Free Society," co-authored with Benjamin A.