In June 2005, the U.S. Supreme Court ruled in Kelo v. New London that local governments may force property owners to sell out and to make way for private economic development, even if the property is not blighted. In response, many states have passed legislation and proposed amendments to their state constitutions to block this unprecedented government assault on the rights of property owners.
Astronomical housing costs, suffocating traffic congestion, and pollution take a heavy toll on our quality of life. Are these problems the inescapable consequences of modern life or the results of poor government policies? Proponents of "smart growth" seek to correct them by replacing suburban living with high-density, urban living and public transit. Others seeks to extend and expand current public and private systems. But how smart are these and other approaches? Would market-based alternatives be preferable to create sustainable communities? Urban economists Randal O'Toole and Daniel Klein discussed innovative "smarter growth" solutions for affordable housing, transportation, land use, and the quality of life in our communities.
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.