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The Institute of Economic Affairs invites you to attend:
IEA Founders' Day Party


with brief remarks at 7:00pm by:

Cécile Philippe
Institut Economique Molinari
Brussels, Belgium

on
The Appeal of Capitalism to Young Europeans


Master of Ceremonies:
John Blundell, Director General, IEA

Date: Tuesday 3rd July 2007 - from: 6:30pm - 8:00pm
Location: 2 Lord North Street, Westminster, SW1 (door on Great Peter Street)

READ THE PRESENTATION
The appeal of capitalism to young Europeans
Capitalism is difficult to understand for the non-intellectuals because its mechanisms are not very visible: this is the famous Adam Smith's invisible hand. Also it is not a very appealing system for intellectuals to defend because at the difference of statist systems, it does not give them a very powerful role. more >>>

On Founders' Day we celebrate the lives and accomplishments of the four men who founded and built the IEA: F.A. Hayek, Sir Antony Fisher, Lord Harris of High Cross and Dr Arthur Seldon. As IEA Director General John Blundell often says: "The IEA's founding can be told in nine words: Hayek advises Fisher; Fisher recruits Harris; Harris meets Seldon."

July 3rd is selected because it is not only the anniversary of the day in 1945 when Fisher sought out Hayek but also the anniversary (or very close to it) of the day in 1955 when the first IEA book (on abolishing exchange controls) was published.

As Fisher said at the IEA on 3rd July 1985:

"It was quite a day for me when Friedrich Hayek gave me some advice which must be 40 years ago almost to the day and which completely changed my life. Friedrich got me started…and two of the things he said way back are the things which have kept the IEA on course. One is to keep out of politics and the other is to make an intellectual case …if you can stick to these rules you keep out of a lot of trouble and apparently do a lot of good."

 

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RSVP (ACCEPTANCES ONLY) TO IEA RECEPTION EITHER BY E-MAIL TO: iea@iea.org.uk OR BY FAX (020 7799 2137) OR PHONE (020 7799 8900).

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.

 

Institut économique Molinari