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Three political economies debated in Parliament

Last week, I chaired what turned out to be a passionate, courageous and grounded debate between three intellectuals from each point of the political triangle: conservative, classical liberal and social democrat. Dr Mark Pennington set out the inescapable reality of imperfect knowledge and incomplete rationality in human actors in defence of markets. Richard Murphy argued for a “cappucino” of state and market, flat rejecting neoliberalism. Jesse Norman MP critiqued the flaws in the theories of neo classical economics and completely […]

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Mark Prisk MP, Hayek and Mises

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Via Business Minister Mark Prisk wants to strip away the red tape – Telegraph: Friedrich von Hayek is a controversial choice as a pin-up. But a signed pamphlet that the Austrian-born economist wrote in 1980 entitled “Full employment at any price” is proudly framed on Business Minister Mark Prisk’s wall. In placing it there, the Conservative MP for Hertford and Stortford is following in a line of leading Tories to place their faith in one of the 20th century’s most […]

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bella gerens: That’s right, whip the libertarian

From bella gerens, an excellent explanation and defence of libertarianism: The truth is that advocates of freedom are found all over the political spectrum, but the only true libertarians are the ones who advocate it at all times in all circumstances, from the bedroom to the wallet – who believe that ‘freedom from’ is the only state of being consistent with the dignity and majesty of humankind. ‘Freedom from’ is the most important part of that ideology. Freedom from coercion. […]

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