Tag: F. A. Hayek

Michael John Novak, Jr., 1933-2017 »

Our very dear friend and Founding Member of the Board of Advisors of the Independent Institute, Michael Novak, passed away at the age of 83, on February 17th. A man of immense generosity, integrity, joyfulness, and good will, Michael was one of the most important scholars, theologians, prolific authors, and public intellectuals of the...
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Guard Your Liberty »

By Christopher J. Coyne and Abigail R. Hall Blanco One of the greatest threats to freedom is indifference by those who possess it. In the aftermath of shootings, terror attacks, wars, and other unsettling geopolitical events, the political elite frequently confronts citizens with a supposed tradeoff between liberty and “safety”. Citizens are told that...
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Venezuela’s “New” Government: Don’t Get Too Excited »

In their most recent elections, the people of Venezuela voted to oust many of their elected officials. Just hours after the polls closed, the National Electoral Council reported that the opposition party had won 99 seats in the Venezuelan government. These results generated much excitement, not just in Venezuela, but internationally. Many pointed to...
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Still Won’t Stand with Rand »

Last week I published a piece on Rand Paul. In particular, I argued that Paul or any other “libertarian” political figure would not generate the changes desired by those who value liberty. The responses to this post have been numerous. Many people agree with me. For others, it’s as though I backhanded their mothers...
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Standing with Rand? Maybe Take a Seat. »

On April 7, Senator Rand Paul declared he is officially running for President in 2016. Since this time, there has been a lot of buzz surrounding his candidacy. In particular, many are pointing to Rand as a champion of liberty. I recently heard a talk in which the speaker was encouraged by Paul and several...
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The “Miracle” of Kirznerian Entrepreneurship »

I learned a lot about miracles recently thanks to a penetrating sermon by pastor Mark McNees of Element3 Church, a “progressive” non-denominational church in Tallahassee. And it prompted a lot of thinking about markets and entrepreneurship, particularly entrepreneurship as conceived by Austrian economists, most notably Israel Kirzner. (Kirzner is required reading in my social...
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The Austrian School of Economics »

I’ve just published a short book, Advanced Introduction to the Austrian School of Economics, which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought. The paperback is relatively affordable ($22.36 if ordered on-line). The book is much slimmer in person...
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James M. Buchanan (October 3, 1919 – January 9, 2013) »

James M. Buchanan, one of the past century’s most distinguished economists and most compelling champions of free markets, died earlier today at age 93. His professional career spanned more than sixty years, during which he wrote extensively on public finance, economic philosophy, and other topics in related areas. With Gordon Tullock, he founded a...
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Chinese Scholars Discover Human Capital, Disavow One-Child Policy »

In the continuing battle between Malthusians who view humans as “useless eaters” whose populations must be centrally controlled, and those of us who see creatures uniquely endowed with brains and talent, Chinese scholars have fired what one hopes is the opening salvo to bring an end to China’s brutal and repressive practice of forced...
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Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul »

On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...
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