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The Mont Pelerin Society is an international organization composed of economists, intellectuals, business leaders, and others who favour classical liberalism; the society advocates free market economic policies and the political values of an open society. Economics is the social science that studies the production distribution, and consumption of goods and services. Classical liberalism (also known as traditional liberalism, Laissez-faire liberalism, Market liberalism or in much of the world A free market is a Market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers The open society is a concept originally developed by philosopher Henri Bergson. The Mont Pelerin Society was created on 10 April 1947 at a conference organized by Friedrich Hayek. Events 879 - Louis III becomes King of the Western Franks. 1407 - the lama Year 1947 ( MCMXLVII) was a Common year starting on Wednesday (link will display full 1947 calendar of the Gregorian calendar. Friedrich August von Hayek CH ( May 8, 1899 March 23, 1992) was an Austrian British Economist Originally, it was to be named the Acton-Tocqueville Society. John Emerich Edward Dalberg-Acton 1st Baron Acton, KCVO ( 10 January 1834 &ndash 19 June 1902) After Frank Knight protested against naming the group after two “Roman Catholic aristocrats” and Ludwig von Mises expressed concern that the mistakes made by Acton and Tocqueville would be connected with the society, the name of the Swiss resort where it convened was used instead. Frank Hyneman Knight ( November 7, 1885 - April 15, 1972) was an important Economist of the twentieth century Ludwig Heinrich Edler von Mises (ˈluːtvɪç fɔn ˈmiːzəs ( September 29, 1881 – October 10, 1973) was an Austrian Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation

Contents

History

In 1947, 39 scholars, mostly economists, with some historians and philosophers, were invited by Professor Friedrich Hayek to meet at Mont Pelerin, Switzerland, and discuss the state, and possible fate of classical liberalism and to combat the “state ascendancy and Marxist or Keynesian planning [that was] sweeping the globe”. Year 1947 ( MCMXLVII) was a Common year starting on Wednesday (link will display full 1947 calendar of the Gregorian calendar. Classical liberalism (also known as traditional liberalism, Laissez-faire liberalism, Market liberalism or in much of the world Invitees included Henry Simons (who would later train Milton Friedman, a future president of the society, at the University of Chicago); the American former-Fabian socialist Walter Lippmann; Viennese Aristotelian Society leader Karl Popper; fellow Austrian School economist Ludwig von Mises; Sir John Clapham, a senior official of the Bank of England who from 1940–6 was the president of the British Royal Society; Otto von Habsburg, the heir to the Austro-Hungarian throne; and Max von Thurn und Taxis, Bavaria-based head of the 400-year-old Venetian Thurn und Taxis family. Milton Friedman (July 31 1912 November 16 2006 was an American Nobel Laureate Economist and Public intellectual. The University of Chicago is a Private university located principally in the Hyde Park neighborhood of Chicago. Walter Lippmann ( September 23, 1889 - December 14, 1974) was an influential American Writer, Journalist, and Sir Karl Raimund Popper ( July 28 1902  &ndash September 17 1994) was an Austrian and British Philosopher and a professor The Austrian School, also known as the “ Vienna School ” or the “ Psychological School ” is a heterodox school of economics that advocates Ludwig Heinrich Edler von Mises (ˈluːtvɪç fɔn ˈmiːzəs ( September 29, 1881 – October 10, 1973) was an Austrian Sir John Harold Clapham CBE LittD FBA ( September 13 1873 - March 29 1946) was a British economic historian The Royal Society of London for the Improvement of Natural Knowledge, known simply as The Royal Society, is a Learned society for science that was founded in 1660 Otto von Habsburg (born 20 November, 1912 as Archduke Franz Joseph Otto Robert Maria Anton Karl Max Heinrich Sixtus Xaver Felix Renatus Ludwig Gaetan Pius Ignatius

The resulting Mont Pelerin Society aimed to “facilitate an exchange of ideas between like-minded scholars in the hope of strengthening the principles and practice of a free society and to study the workings, virtues, and defects of market-oriented economic systems. ”

The Society has continued to meet on a regular basis, usually in September. The current president of the Society is Greg Lindsay. Gregory John Lindsay AO is Executive Director of the prominent Australian think tank The Centre for Independent Studies which he founded in 1976

It has close ties to the network of think tanks sponsored in part by the Atlas Economic Research Foundation. The Atlas Economic Research Foundation was founded in 1981 by Antony Fisher.

List of participants

The original participants were

Board of Directors 2006-2008

Influence

Hayek stressed that the society was to be a scholarly community arguing against collectivism, while not engaging in public relations or propaganda. However, the society has always been a focal point for an international think-tank movement; Hayek himself used it as a forum to encourage members such as Antony Fisher to pursue the think-tank route. Sir Antony Fisher (June 28 1915 - July 8 1988 was one of the most influential background players in the global rise of Libertarian think-tanks during the second half of the Fisher went on to establish the Institute of Economic Affairs (IEA) in London during 1971, the Heritage Foundation in Washington, D. The Institute of Economic Affairs ( IEA) styles itself the UK's pre-eminent Free-market Think-tank, founded in 1955 The Heritage Foundation is an American conservative Think tank. C. , during 1973, the Manhattan Institute for Public Policy Research in New York City during 1977 and the Atlas Economic Research Foundation in 1981. The Manhattan Institute for Policy Research is a conservative market-oriented Think tank established in New York City in 1978 by Antony In turn the Atlas Foundation supports a wide network of think-tanks, including the Fraser Institute. The Fraser Institute is Conservative and Libertarian Think tank based in Canada that espouses Free market principles

Prominent MPS members who have advanced to policy positions include Chancellor Ludwig Erhard of West Germany, President Luigi Einaudi of Italy, Chairman Arthur F. Burns of the U. "Erhard" redirects here For the saint of this name see Saint Erhard. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Luigi Einaudi, Cavaliere di Gran Croce decorato di Gran Cordone OMRI ( March 24 1874 - October 30 1961) was an Italian Italy (Italia officially the Italian Republic, (Repubblica Italiana is located on the Italian Peninsula in Southern Europe, and on the two largest For the American discus thrower see Art Burns. Arthur Frank Burns ( April 27, 1904 in Stanyslaviv, Galicia S. Federal Reserve Board, U. S. Secretary of State George Shultz, Foreign Secretary Sir Geoffrey Howe of the U. George Pratt Shultz (born December 13 1920 served as the United States Secretary of Labor from 1969 to 1970 as the U Richard Edward Geoffrey Howe Baron Howe of Aberavon, CH, PC, QC (born 20 December 1926 known until 1992 as Sir Geoffrey Howe, is a British K. , Italian Minister of Defence Antonio Martino, Chilean Finance Minister Carlos Cáceres, New Zealand Finance Minister Ruth Richardson and President Václav Klaus of the Czech Republic. Antonio Martino (born December 22, 1942 in Messina) is an Italian politician who has been Minister of Foreign Affairs in 1994 and Ruth Richardson (born December 13 1950) served as New Zealand 's Minister of Finance from 1990 to 1993 and is known for her strong pursuit Václav Klaus (ˈvaːtslaf ˈklaʊ̯s born 19 June 1941) is the second President of the Czech Republic (since 2003 reelected 2008 and a former Eight MPS members, F. A. Hayek, Milton Friedman, George Stigler, Maurice Allais, James M. Buchanan, Ronald Coase, Gary S. Becker and Vernon Smith have won Nobel prizes in economics. Friedrich August von Hayek CH ( May 8, 1899 March 23, 1992) was an Austrian British Economist Milton Friedman (July 31 1912 November 16 2006 was an American Nobel Laureate Economist and Public intellectual. George Joseph Stigler ( January 17, 1911 December 1, 1991) was a U Maurice Félix Charles Allais (born 31 May 1911 is a French economist and was the 1988 winner of the Nobel Memorial Prize in Economics "for his pioneering contributions James McGill Buchanan Jr (born October 3 1919 is an American Economist renowned for his work on Public choice theory, for which he won the 1986 Ronald Harry Coase (born December 29, 1910) is a British Economist and the Clifton R Gary Stanley Becker (born December 2, 1930) is an American Economist and a Nobel laureate. Vernon Lomax Smith (born January 1, 1927) is professor of Economics at Chapman University School of Law and School of Business in Orange The Nobel Prize (Nobelpriset (Nobelprisen is a Swedish prize established in the 1895 will of Swedish chemist Alfred Nobel; it was first awarded in Peace, Literature Of 76 economic advisers on Ronald Reagan's 1980 campaign staff, 22 were MPS members.

External links

Sources

This article uses content from the SourceWatch article on Mont Pelerin Society under the terms of the GFDL. SourceWatch (formerly Disinfopedia) is an internet site which is a "collaborative project" of the Center for Media and Democracy (CMD The GNU Free Documentation License ( GNU FDL or simply GFDL) is a Copyleft License for free documentation designed by the Free Software

See also

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