Thanks to Jim Turney for the video - see below - of a very important lecture by Israël Kirzner, Austrian economist and one of the
world’s foremost experts on Ludwig von Mises’s methodology and thought, given at a seminar of the XVIIth Summer
University of New Economics, in Aix-en-Provence, in 1993 (August 31th).
By the way, one week ago, there was the first of the XXXIIIth where I was intervening.
For the history of the Summer University, see this text about the XXXIth) -.
1. Ethics and entrepreneurship.
In this lecture entitled "Ethics and entrepreneurship", after thanks to Jacques Garello, Israel Kirzner talks about ethics, entrepreneurship, and how wealth is created in society.
He also describes the essential distinction he made between two kinds of ignorance:
- ignorance of specific knowledge but having the knowledge of how specific knowledge may be obtained, and
- sheer ignorance — not knowing how to access specific knowledge because we don’t know what we don’t know.
Kirzner says that sheer ignorance requires an entrepreneurial role to overcome it, which allows entrepreneurs to discover demand for products and services that consumers didn’t even know they needed or wanted.
Source : http://www.libertarianism.org/media/video-collection/israel-kirzner-ethics-entrepreneurship
Also thanks to Jim Turney for these four other ones of several Summer University of the New Economics (below).
2. Gordon Tullock and Peter Bernholz: Collective Preferences and Democracy
Gordon Tullock is an economist and professor emeritus of Law and Economics at George Mason University, and is best known for his work on public choice theory.
Peter Bernholz is an economist who teaches at the University of Basel in Switzerland.
He studies competitive federalism, hyperinflation, and monetary policy rules embedded in the European Constitution.
Source : http://www.libertarianism.org/media/video-collection/gordon-tullock-peter-bernholz-collective-preferences-democracy
In this video from 1994 (August 29th), Jean Pierre Centi introduces Bernholz and Tullock.
Then, they speak about the mechanics of voting in democratic societies.
In particular, Tullock goes over various systems of preference weighting and the median preference theorem and compares the American democratic system of voting to the old Roman tradition of inspecting the liver of an ox for political advice, insinuating that the outcomes of voting are at best random and at worst predeterminate based on people’s preferences.
3. Tom G. Palmer and Kurt Leube on Markets and Justice
Tom G. Palmer is a Senior Fellow at the Cato Institute, director of the Institute’s educational division, Cato University, Vice President for International Programs at the Atlas Economic Research Foundation, and General Director of the Atlas Global Initiative for Free Trade, Peace, and Prosperity.
Kurt Leube is a historian of economic thought, with an emphasis on Austrian economics, and a scholar of law and economics and economic philosophy.
He is also a Professor in the Department of Economics at California State University, Hayward; a Research Fellow at the Hoover Institution, Stanford University; and Professor and Academic Director of the International Institute for Austrian Economics.
Source : http://www.libertarianism.org/media/video-collection/tom-g-palmer-kurt-leube-markets-justice
In this video from a seminar in Aix-en-Provence, in 1995 (august 24), Henri Lepage introduces Palmer and Leube.
Then, they discuss a recently-released paper by Leube on social justice, adapted from his 1989 book, A ‘Hayekian’ Critique of Social Justice.
Palmer makes five key points regarding the nature of the welfare state and distributive justice, and Leube responds.
This lecture was delivered to a mostly French-speaking audience. ‘Liberal’ in French should be considered to translate as ‘classical liberal’ or ‘libertarian’ in modern American parlance.
The French-only portions of the Q&A period were edited out of this video because of time constraints.
4. Mario Rizzo on Hayek and the Common Law
Mario Rizzo is currently an associate professor of economics at New York University and the director of the Program on the Foundations of the Market Economy.
Rizzo is co-author (with Gerald O’Driscoll) of the great book titled The Economics of Time and Ignorance (1985), never translated in French.
Source : http://www.libertarianism.org/media/video-collection/mario-rizzo-hayek-common-law
In this lecture from 1999 (September 3th), Rizzo addresses aspects of the common law in an attempt to answer the question:
“How can the common law adapt to novel circumstances and still promote the coordination of plans?”
Rizzo answers the question by drawing on much of F. A. Hayek’s work regarding the law while emphasizing the importance of balancing consistent legal expectations with a slight degree of circumstantial adaptability.
5. Randy E. Barnett on the Compatibility of Hayek and Natural Rights
Professor Randy E. Barnett teaches constitutional law and contracts at the Georgetown University Law Center.
He is also a Senior Fellow at the Cato Institute.
Source : http://www.libertarianism.org/media/video-collection/randy-e-barnett-compatibility-hayek-natural-rights
In this video from a seminar at the Summer University of the New Economics in Aix-en-Provence, in 1999 (september 3th), Barnett explores the compatibility of F.A. Hayek’s theories with a classical conception of natural rights.
While it is well known that Hayek tended to associate natural rights with the rational constructivism of collectivist thought, Barnett posits that the “given…if/then” logical structure of the classical conception of natural rights would have a place in Hayek’s worldview.
Thank you very much Jim Turney.
I hope that you will be giving us many, many other videos of the seminars at "the Annual Summer University of the New Economics" in Aix en Provence.