Mont Pèlerin 1947: Transcripts of the Founding Meeting of the Mont Pèlerin Society

Mont Pèlerin 1947: Transcripts of the Founding Meeting of the Mont Pèlerin Society

Mont Pèlerin 1947: Transcripts of the Founding Meeting of the Mont Pèlerin Society

Mont Pèlerin 1947: Transcripts of the Founding Meeting of the Mont Pèlerin Society


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Marking the 75th anniversary of the first meeting of the Mont Pèlerin Society, in 1947, this volume presents for the first time the original transcripts from this landmark event. The society was created by Friedrich Hayek as a forum for leading economists and intellectuals to discuss and debate classical liberal values in the face of a rapidly changing world and political trends toward socialism. Bruce Caldwell, a major scholar of Hayek, provides an informative introduction and explanatory notes to the source documents, drawn from the Hoover Institution Library & Archives, where they have been available to scholars. Now accessible to all, the transcripts reveal what was said on a wide range of topics, including free markets, monetary reform, wage policy, taxation, agricultural policy, the future of Germany, Christianity and liberalism, and more. They provide insights into the thinking of men such as Hayek, Milton Friedman, Aaron Director, Frank Knight, Walter Eucken, Karl Popper, and other leading figures in the classical liberalism movement, illuminating not only their ideas but also their distinctive personalities. A photo section shows rarely seen images from the meeting.

Product Details

ISBN-13: 9780817924843
Publisher: Hoover Institution Press
Publication date: 03/01/2022
Pages: 248
Product dimensions: 6.00(w) x 9.00(h) x 0.90(d)

About the Author

Bruce Caldwell teaches economics at Duke University, where he is director of the Center for the History of Political Economy. He is a leading scholar on the life and ideas of the Nobel laureate and social theorist F. A. Hayek. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He was president of the Mont Pèlerin Society from 2018 to 2020.

Table of Contents

Foreword John B. Taylor ix

Preface xiii

A Note to the Reader xxiii

Introduction Bruce Caldwell 1

Minutes of Discussion at Mont Pèlerin Conference, April 1st-10th 1947 47

Session 1 Welcoming Address and Address to the Mont Pèlerin Conference 49

Session 2 "Free" Enterprise and Competitive Order 69

Session 3 "Free" Enterprise and Competitive Order (continued) 99

Session 4 Modern Historiography and Political Education 105

Session 5 The Future of Germany 115

Session 6 The Future of Germany (continued) 121

Session 7 The Problems and Chances of European Federation 127

Session 8 The Problems and Chances of European Federation (continued) 133

Session 9 Liberalism and Christianity 139

Session 10 Discussion on Agenda, Etc. 149

Session 11 Contra-cyclical Measures, Full Employment, and Monetary Reform 155

Session 12 Statement of Aims 165

Session 13 Wages and Wage Policy 171

Session 14 Further Discussion of Statement of Aims 181

Session 15 Taxation, Poverty, and Income Distribution 183

Session 16 Agricultural Policy 191

Session 17 Meeting on Organisation 199

Session 18 The Present Political Crisis 205

Session 19 The Name of the Society 211

About the Contributors 217

Image Credits 218

Index of Names 219

Photo section follows after page 126

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