Scaling the Heights: Thought Leadership, Liberal Values and the History of The Mont Pelerin Society: Thought Leadership, Liberal Values and the History of The Mont Pelerin Society
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About this ebook
Eamonn Butler
Eamonn Butler is Director of the Adam Smith Institute, one of the world’s leading policy think tanks. He holds degrees in economics and psychology, a PhD in philosophy and an honorary DLitt. In the 1970s he worked in Washington for the US House of Representatives, and taught philosophy at Hillsdale College, Michigan, before returning to the UK to co-found the Adam Smith Institute. He has won the Freedom Medal of Freedoms Foundation at Valley Forge, the UK National Free Enterprise Award and the Hayek Institute Lifetime Achievement Award; his film Secrets of the Magna Carta won an award at the Anthem Film Festival; and his book Foundations of a Free Society won the Fisher Prize. Eamonn’s other books include introductions to the pioneering economists Adam Smith, Milton Friedman, F. A. Hayek and Ludwig von Mises. He has also published primers on classical liberalism, public choice, capitalism, democracy, trade, economic inequality, the Austrian School of Economics and great liberal thinkers, as well as The Condensed Wealth of Nations and The Best Book on the Market. He is co-author of Forty Centuries of Wage and Price Controls, and of a series of books on IQ. He is a frequent contributor to print, broadcast and online media.
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Scaling the Heights - Eamonn Butler
First published in Great Britain in 2022 by
The Institute of Economic Affairs
2 Lord North Street
Westminster
London SW1P 3LB
in association with London Publishing Partnership Ltd
www.londonpublishingpartnership.co.uk
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.
Copyright © The Institute of Economic Affairs 2022
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About the author
Eamonn Butler is Director of the Adam Smith Institute, one of the world’s leading policy think tanks. He holds degrees in economics and psychology, a PhD in philosophy and an honorary DLitt. In the 1970s he worked in Washington for the US House of Representatives, and taught philosophy at Hillsdale College, Michigan, before returning to the UK to co-found the Adam Smith Institute. He has won the Freedom Medal of Freedoms Foundation at Valley Forge and the UK National Free Enterprise Award; his film Secrets of the Magna Carta won an award at the Anthem Film Festival; and his book Foundations of a Free Society won the Fisher Prize.
Eamonn’s other books include introductions to the pioneering economists Adam Smith, Milton Friedman, F. A. Hayek and Ludwig von Mises. He has also published primers on classical liberalism, public choice, capitalism, democracy, trade, the Austrian School of Economics and great liberal thinkers, as well as The Condensed Wealth of Nations and The Best Book on the Market. He is co-author of Forty Centuries of Wage and Price Controls, and of a series of books on IQ. He is a frequent contributor to print, broadcast and online media.
Acknowledgements
The Society and I are very grateful to the family of our late friend Max Hartwell for their permission to borrow heavily from his work. I also thank Bruce Caldwell and Alberto Mingardi, my successor as Secretary of the Society, for their helpful comments and criticisms.
Preface
In 1995 the Liberty Fund published A History of the Mont Pelerin Society, written by the Oxford historian (and past President of the Society) Professor Max Hartwell. The book provides a very full account of the Society’s first half century, but is now difficult to obtain and much has happened since 1995.
With that in mind, in 2012 the Board of the Society asked me, as the incoming Secretary, to précis Hartwell’s History and bring it up to date. It was hoped that this would give members, prospective members and other scholars a digestible short guide to the history and ethos of the Society and to some of the key individuals and events that have shaped it.
Ten years later, on the Society’s 75th anniversary, the Board have asked me to update the text yet again.
What is the Mont Pelerin Society?
Max Hartwell opens his History by saying that the Mont Pelerin Society is ‘not well known’ and has ‘no demonstrably proven role in world affairs’. This remains true. But while the Society itself remains little known among the public, many of its individual members are indeed both well known and influential in the academy and in world affairs.
Some, for example, have been government ministers (e.g. Sir Geoffrey Howe in the UK, Antonio Martino in Italy, Ruth Richardson in New Zealand and George Shultz in the US) or senior officials (such as former Federal Reserve Chairman Arthur Burns and Polish National Bank Chairman Leszek Balcerowicz). A few have been presidents or prime ministers (among them Ludwig Erhard of Germany, Luigi Einaudi of Italy, Mart Laar of Estonia, Ranil Wickremesinghe of Sri Lanka and Václav Klaus of the Czech Republic). Several have influenced economics and culture sufficiently to win a Pulitzer Prize (Felix Morley and Walter Lippmann) or a Nobel Prize (including Friedrich Hayek, Milton Friedman, James M. Buchanan, Gary S. Becker and Mario Vargas Llosa). Others, including educators, journalists, businesspeople and leaders of policy think tanks across the world, have wielded influence in different ways.
Yet they have done all this as individuals, not as representatives of the Mont Pelerin Society. The Society’s sole contribution to world affairs is its provision of a forum for debate, discussion, study and self-education among its members, their guests at meetings and young scholars – not through political action. It has no official views, formulates no policies, publishes no manifestos, aligns itself with no party and accepts no political or public funding. It does not even try to reach agreement on anything. No votes are taken. Instead, it promotes free and frank debate, aided by a long-standing policy that its discussions are neither broadcast nor reported (though some of the set-piece lectures and presentations are now recorded and appear online).
The battle of ideas
The Mont Pelerin Society was created as a response to the social, political, intellectual and moral ruin that had gripped Europe before and during World War II. The aim of its founding members was modest: to keep alight the intellectual flame of liberalism (the word is used in the European sense) during the dark post-war days and to critique the centralising interventionist notions that then prevailed. The original members, writes Hartwell, ‘shared a common sense of crisis – a conviction that freedom was being threatened and that something should be done about it’. That threat, they concluded, was the result of erroneous theories about history, society and economics. As for doing something, they committed themselves not to political action, but to winning the intellectual battle of ideas.
The Society has played a crucial role in that battle. It has done more than just keep liberal ideas alive; it has expanded and deepened liberal philosophy and spread liberal thought across the globe. Equally profound, and even more subtle, has been the strength, courage, friendship, learning and ideas that members draw from and provide to each other. And as members of the Society, liberals who may otherwise feel intellectually isolated and overwhelmed can take strength