Featuring Michael F. Cannon, Director of Health Policy Studies, Cato Institute; and Jonathan H. Adler, Johan Verheij Memorial Professor of Law; Director, Center for Business Law and Regulation, Case Western Reserve University School of Law; moderated by John Maniscalco, Director of Congressional Affairs, Cato Institute.
Featuring William Easterly, Professor of Economics, New York University, with comments by Arvind Subramanian, Senior Fellow, Peterson Institute for International Economics. Moderator Ian Vásquez, Cato Institute.
Economic success-among individuals, firms, products and countries-is often unexpected and unpredicted. William Easterly will draw on insights from Nobel laureate Friedrich Hayek to explain why prediction is difficult, success is rare and failure is common; the advantages of decentralized decision making to discover what works best in the market and in public policy; and the need to rely on dispersed and local knowledge, rather than government planning, for poor countries to achieve growth. Arvind Subramanian will draw on his experience working at multilateral institutions to comment on the relevance of Hayek’s insights to developing countries and the current foreign aid debate.