At this Policy Forum, Independent Institute Senior Fellow Alvaro Vargas Llosa, former Bolivian President Jorge Quiroga, economist William Easterly, and a group of policy experts discuss the findings of the book, Lessons from the Poor. The speakers examine real-world examples of entrepreneurship and why instead of redistributing existing wealth, governments should free people so that they can create it.
Friedrich A. Hayek (1899-1992) left such a profound mark on economic and political thought that The New Yorker has called the 20th century, "The Hayek Century." After converting to free-market capitalism and classical liberalism in the 1920s, Hayek became one of socialism's and statism's staunchest critics. His 1944 bestseller, The Road to Serfdom, warned of central government planning's authoritarian, and even totalitarian, tendencies- and helped reignite worldwide interest in the philosophy and practice of freedom. Although Hayek's 1974 Nobel Prize in Economic Science brought renewed interest in his ideas, it wasn't until the collapse of the Soviet Bloc (which Hayek predicted) that his vast writings on economics, political philosophy, law, history, culture, and other fields became broadly recognized as essential to achieve a prosperous, humane and free society. Biographer Alan Ebenstein and economist Charles Baird shed light on Hayek's seminal legacy and the rebirth of freedom.
Why has Africa, despite its rich history, cultures, and abundant resources, largely remained in the grip of dictatorship, starvation, genocide and war? How can this tragic legacy of colonialism, socialism, and plutocracy be replaced with the welfare of economic liberalization, individual rights, and the Rule of Law? Based on his new book, "Africa in Chaos," award-winning economist George Ayittey will examine the record of American statism and the revolution for free-market societies.
George B. N. Ayittey
Professor of Economics, American University
Author, Africa in Chaos and Africa Betrayed
David J. Theroux
Founder and President, The Independent Institute