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Aurelian Craiutu, “How to Combat Fanaticism and the Spirit of Party: Germaine de Staël’s Lesson”

The year 2017 marked the bicentenary of Germaine de Staël's death (1766-1817). Although her name almost never appears in textbooks or histories of political thought in the English-speaking world her political thought is undeniably rich and brilliant. The recent revival of interest in French political thought, as manifested by the publication of many works by and about Constant, Tocqueville, or Guizot, has not extended to Madame de Staël. Therefore, it is high time for her to finally receive the place that she deserves in the history of political thought. This would be an overdue act of justice for a woman who defied many conventions of her time and made a name for herself in a highly competitive and male-dominated world. But there is a second reason why the rediscovery of Madame de Staël's political thought and the publication of her political works should be a priority today. Having lived in revolutionary times, she had a unique opportunity to witness firsthand the importance of ideas and the power of passions in society and political life. In this month's Liberty Matters discussion Aurelian Craiutu, professor of political science at Indiana University, will present arguments why she should no longer remain a neglected political thinker. He is joined in the discussion by Benjamin Hoffmann, assistant professor of early modern French Studies at The Ohio State University; Catriona Seth, the Marshal Foch Professor of French Literature at the University of Oxford; and Steven Vincent, professor of history at North Carolina State University. See the Archive of "Liberty Matters".

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Matthew McCaffrey, “Frank Fetter and the Austrian Tradition in the United States” (January, 2019)

Matthew McCaffrey, assistant professor of enterprise at the University of Manchester, explores the economic and political work of the "forgotten giant" of economics, the Indiana-born Frank Fetter. At the height of his career in the early 20th century, Fetter was one of the most respected, cited, and debated economists in the United States. He taught for over 40 years at prestigious universities, including Stanford, Cornell, and Princeton, and his research appeared in practically every major publication in economics and political science. yet today he is virtually forgotten outside a small group of Austrian economists. In his opening essay, McCaffrey explores two aspects of his thought in particular: his contributions to theoretical economics and their relationship to Austrian ideas, and his political views as they relate to the philosophy of classical liberalism. He is joined in the discussion by Geoffrey M. Hodgson, Research Professor of Business Studies in the University of Hertfordshire, Peter Lewin is Clinical Professor in the Jindal School of Management, University of Texas, Dallas, and Joseph T. Salerno, professor of economics in the Finance and Graduate Economics Department in the Lubin School of Business of Pace University in New York. See the Archive of "Liberty Matters".

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Alberto Mingardi, “Liberty and Cynicism: Was Vilfredo Pareto a Liberal?” (November, 2018)

Alberto Mingardi, an assistant professor of the history of political thought at IULM University in Milan, Italy and director general of the free-market think tank Istituto Bruno Leoni, asks if Vilfredo Pareto (1848-1923) should belong in the history of classical liberalism? His answer is that Pareto’s drastic political realism—his ambition to look at politics for what it is—is not incompatible with a classical-liberal worldview, but it is incompatible with a classical-liberal program. He is joined in this discussion by Giandomenica Becchio, an assistant professor at the University of Torino; Rosolino Candela, a Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University; and Richard E. Wagner is Holbert Harris Professor of Economics at George Mason University.

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Universal Economics

Universal Economics shows the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in the modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles.

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