Activities at the Liberty Camp, September 18th
18 Sep 2009

Today’s activities at our camp shifted into a higher gear. We had an opportunity to listen to the lectures of such prominent speakers as Miroslav Prokopijević, Bernard Brščič, and Andrei Illarionov.

Today’s activities at our camp shifted into a higher gear. We had an opportunity to listen to the lectures of such prominent speakers as Miroslav Prokopijević from the Institute for European Studies in Belgrade, Bernard Brščič from Economic Faculty at Univeristz of Ljubljana, and the former senior economic advisor of the former Russian President Vladimir Putin, Andrei Illarionov, as a special guest.

Miroslav Prokopijević held a very interesting lecture on the Economic Roots Of Liberty. The lecture was presented in a very interactive style, with great involvement of the students. Through the questions and answers, with a plenty of examples from the history of economic thought and the current economic affairs, we came to the general insight of the superiority of free market economics over the planned one.

Bernard Brščič held two interesting lectures today. The first one was on the subject of morality of market and bussines. Namely, the market and bussines are commonly occused of immoral human activity. Someone colud say, for example – ok, market economy is more efficient than planned or welfare economy, but it produces inequality in society, so it is immoral, and we need state intervention to correct that market-produced-inequality. Bernard showed us that the situation is the opposite – market produces justice, and the intervention of the state is the injust one. In his second lecture, Mr. Brščič gave us an analyses of the case of The Great Depression, with the parallels to the curent economic crisis. He concluded that both crisis, the great Depression of 1930’s and the current economic crisis, were the result of govermant intervention and not the result of so-called „market failure“.

Mr. Andrei Illarionov, from Cato Institute, gave a guest lecture titled „Size of Government and Economic Growth“. With plenty of examples and charts, he supported the thesis that the economic growth is in the direct negative corelation with the size of government. The bigger is the government, lower economic growth is expected.

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