Full Video of The Independent Institutes 2011 25th Anniversary Gala for Liberty held November 15, 2011. Part 1: Introductory Remarks and Tribute to Robert Higgs Part 2: Tribute to Mario Vargas Llosa Part 3: History of The Independent Institute and Fund for the Future Part 4: Tribute to Lech Walesa Part 5: Special Tributes, Sponsors, and Credits
From fingerprinting to criminal sentencing, from lawyer licensing to judicial selection, and from eminent domain to wealth transfers via class-action lawsuits, how do perverse incentives impact the law and what reforms would create a more just and efficient legal system?
Independent Institute Research Fellow Edward Lopéz, Associate Professor of Law and Economics at San Jose State University and editor of the new Institute book The Pursuit of Justice, talks with Institute President David Theroux about the faulty incentives at the heart of government legal failures and whether market-based alternatives can provide viable solutions to the serious problems caused by the bureaucratization and politicization of the law.
With his numerous books, articles and essays about politics, war and social disorder under his belt, it was only a matter of time until P.J. O'Rourke found his way to the subject of his new book, "Eat the Rich." In "Parliament of Whores," he lampooned the entire U.S. government. "All the Troubles in the World" attacked the pandemic worries of the politically correct; and this time it's the economy, stupid! What is wealth and how do we get it? Or as he asks, "Why do some places prosper and thrive while others just stink?"
As most people (along with many "experts") try to fathom the volatility of financial markets and the complexities of global economies, the man who Time magazine has called "one of America's most hilarious and provocative writers" brings it all into perspective. Who else but P.J. could provide this primer on Wall Street: "In order to understand the stock market we have to realize that, like anything enormous and inert, it's fundamentally stable, and like anything emotion-driven, it's volatile as hell."
But he doesn't stop there. Embarking from Wall Street, P.J. takes us on a hilarious and enlightening worldwide tour of the foibles of governments from Russia to Tanzania, from Albania to Shanghai, and from Hong Kong to Havana, and revisits college economics courses, counteracting them with his own version of Econ 101.
The result is the world's only astute, comprehensive and comic presentation of the basic principles of economics that will truly make you laugh on purpose.
P. J. ORourke
Bestselling Author, Humorist and Political Satirist
Co-sponsored by the Independent Institute and Koch Crime Commission
University Theater, Garvey Fine Arts Center
Washburn University, Topeka, KS
Arthur R. Miller, Professor of Law, Harvard University
Bruce L. Benson, Professor of Economics, Florida State University; Senior Fellow, The Independent Institute
Erika Holzer, bestselling author of book and major motion picture, Eye for an Eye
Wendy Kaminer, Contributing Editor, The Atlantic Monthly
William I. Koch, Chairman, Koch Crime Commission
Alan J. Lizotte, Director, Hindelang Criminal Justice Research Center, University at Albany
David B. Sentelle, Judge, U. S. Court of Appeals, D.C. Circuit
David J. Theroux, Founder and President, The Independent Institute
Richard L. Thornburgh, former U.S. Attorney General
Hubert Williams, President, Police Foundation
Marvin E. Wolfgang, Director, Sellin Center for Studies in Criminology, University of Pennsylvania
James R. Wyrsch, President, Wyrsch Hobbs Mirakian & Lee, P.C.
Violent crime continues to be a major social and economic problem in the United States and around the world. This important debate, held before an audience of 1,000 at Washburn University, features a panel of experts from diverse backgrounds and perspectives, including criminal justice officials, business and civic leaders, scholars, and best-selling authors.
In a lively and challenging exchange of ideas, the program addresses why the criminal justice system has become increasingly bureaucratized and politicized, ever less responsive and ever more costly. Topics include victims rights, crime and incarceration rates, restitution, civil liberties, illicit drugs, guns, racism, policing, privatization, and sentencing.
Co-sponsored by The Independent Institute and Koch Crime Commission, this program was distributed by Central Educational Network and appeared on the Public Broadcasting System.