The Free Market Institute hosted Prof. Edward Prescott, who is the co-recipient of the 2004 Nobel Memorial Prize in Economic Sciences, for the spring 2019 keynote public lecture. Prof. Prescott's remarks addressed the evolution of economic thought regarding the efficiency of market outcomes. In particular, Prof. Prescott emphasized the insights of Adam Smith, arguing that many insights in modern economic thought can, indeed, be traced back to Smith's views on the operation of economic processes. A reception followed the lecture to feature a display of original, early edition works authored by Adam Smith from the collection of The Remnant Trust at Texas Tech University.
"Daughters cause divorce. A thirst for revenge is healthier than a thirst for gold. A ban on elephant hunting is bad news for elephants, and disaster relief is bad news for the people who receive it. Malicious computer hackers should be executed. The most charitable people support the fewest charities. Writing books is socially irresponsible; elbowing your way to the front of the water-fountain is not. The tall, the slim, and the beautiful earn higher wages—but not for the reasons you think. Each of those statements is closer to the truth than you might imagine. If your common sense tells you otherwise, remember that common sense also tells you the earth is flat." (Landsburg 2007).
The Free Market Institute (FMI) hosted Prof. Steven E. Landsburg as part of the spring 2019 FMI Public Speaker Series program on March 28, 2019. The lecture focused on his work demonstrating the often counterintuitive, and sometimes surprising, conclusions that emerge from the careful application of economic principles and insights.
Joel Kotkin visited Texas Tech University to deliver a lecture for the Free Market Institute (FMI) Public Speaker Series. Mr. Kotkin discussed his ongoing research focused on the challenges and opportunities for urban and regional development in the United States, as well as the role that Texas and the Heartland can (and likely will) perform in those processes. Described by the New York Times as "America's uber-geographer," Joel Kotkin is an internationally-recognized authority on global, economic, political and social trends. Mr. Kotkin also serves as Executive Director of the Houston-based Center for Opportunity Urbanism and Senior Advisor to the Kem C. Gardner Policy Institute. He writes the weekly "New Geographer" column for Forbes.com, serves as Executive Editor of www.newgeography.com, and is a regular contributor to The Daily Beast and Real Clear Politics.