Boettke is a former Fulbright Fellow at the University of Economics in Prague, a National Fellow at Stanford University, and Hayek Visiting Fellow at the London School of Economics.
Liberalism says YES, and the cosmopolitan liberal order turns strangers into friends and enemies into partners.
Don’t become cynical; embrace the challenge; and as teachers of a subtle scientific discipline it is vital to remember that the students will remember what is emphasized in the class, so emphasize throughout the lectures the enduring principles that are embodied in the economic way of thinking.
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
“We should not claim for liberalism,” Robbins insisted, “that the world it could produce would be perfect.… But we may claim that, with all its deficiencies, it would still provide a safeguard for happiness and spontaneity more efficient than any other which has yet been suggested.”
If something is wrong in society, whom should be charged with fixing it? Today, there is a presumption that government should be.
This is perhaps the first lesson, and the most important, that students learn in economics.
Not only does our politics drive a wedge between the public and the political community, but it places certain privileged political actors in a position to be tyrants over their fellow citizens. They govern over and not with others in the society under examination.
There is a core of the economic way of thinking that can be traced from Adam Smith to Vernon Smith and that deals with basic ideas about human rationality, human sociability, and the coordination of activity through time. Incentives, information, and innovation are part of this core as they derive from the even more primordial…