for the public understanding of economics and entrepreneurship


Further the constitution of liberty through free trade and enterprise (Lord Vinson)

‘2024 Vinson Centre Conference in the Classical Liberal Tradition’

In collaboration with the Centre for the Study of Governance and Society (King’s College London)

Hayek’s relevance to understand the world today.
On the 50th anniversary of his Nobel Prize

17th July 2024

Vinson Building, University of Buckingham. Buckingham


Order of the day

9.45 am – Coffee and welcome.

10.00 am – Welcome by Professor James Tooley (Vice-Chancellor, University of Buckingham), Dr Juan Castañeda, Director of the Vinson Centre (University of Buckingham) and Professor Mark Pennington, Director of the Centre for the Study of Governance and Society (King’s College London).


10.15 am Opening lecture on Hayek’s life and main contributions to economics and political philosophy. By Jeremy Shearmur (Australian National University).

10.45 am – Discussion.

Session 1 – Paternalism and the regulatory state

Chairperson: Len Shackleton (University of Buckingham).

11.15 am – Mark Pennington (King’s College London) – Hayek and Foucault on Government at a Distance.

11.45 am – Cento Veljanovski (Institute of Economic Affairs) – Hayek on regulation. On the size of the regulatory state.

12.15 am – Discussion.

12.45 pm – Break for lunch


Session 2 – Knowledge, information and patents

Chairperson:  Victoria Hewson (Department of Business and Trade)

1.30 pm – Pavel Kuchař (King’s College London): On the meaning of competition in Hayek as related to the emergence of market supporting institutional infrastructures and the discovery of relevant elements of knowledge commons.

2.00 pm – Martin Ricketts (University of Buckingham) and Terence Kealey (Cato Institute): On tacit knowledge and innovation policy.

2.30 pm – Discussion.

3.00 – 3.15 pm. Short break


Session 3 – Hayek beyond academia

Chairperson: Paola Romero (London School of Economics and Political Science)

3.15 pm – Gabriel Calzada (Hesperides University, President Mont Pelerin Society): On Hayek’s original MPS project and the different schools within the MPS.

3.45 pm – Pedro Schwartz (Former President of the Mont Pelerin Society and Universidad Camilo Jose Cela) and Kristian Niemietz (Editorial Director at the Institute of Economic Affairs): On the meaning of ‘The Road to Serfdom’ today.

4.15 pm – Discussion

4.45 pm – Coffee break  


Session 4 – Monetary disorder

Chairperson: Geoffrey Wood (University of Buckingham)

5.00 pm – Kevin Dowd (Durham University): On Hayek’s ‘Denationalisation of money’ and currency competition.

5.30 pm – Discussion

6.00 pm – Drinks reception. End of formal proceedings of the conference by the Dean of Social Sciences and Humanities (Professor Julian Richards) and Crispin Hayek. 


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Forthcoming Events

13 December 2024 - 14 December 2024

Economic Affairs Applied Research Workshop 2024

‘Advancing a Classical Liberal Understanding of the Agenda for a Free Society’

This workshop will offer invited scholars a unique opportunity to engage in meaningful and constructive discussions of working papers to help prepare them for submission to Economic Affairs or other journals. Our aim is to contribute to improving the quality of every paper accepted to the workshop. While we are making an open call for proposals, the Economic Affairs Applied Research Workshop will be a select event open only to invited paper presenters and scholars. An academic committee will review submissions and select up to twenty paper presenters, whose work will comprise the core workshop agenda.

Location: The workshop will be being held at Universidad Francisco Marroquín in Madrid: Calle de Arturo Soria, 245, 28033 Madrid, Spain.

Date: December 13-14, 2024.

Deadline for submission of proposals (abstract): 31 July 2024.

Web page with more information:

For further information, contact Juan Castaneda at

About Economic Affairs

Economic Affairs is a peer reviewed journal published by the Vinson Centre at the University of Buckingham and the Institute of Economic Affairs, in collaboration with Universidad de las Hespérides and Universidad Francisco Marroquín, through academic publisher Wiley. It is edited by Professor Len Shackleton.

The journal is indexed by Scopus and is part of the Emerging Sources Citation Index (ESCI). It has published a wide range of authors from around the world, including a number of Nobel Prize laureates, while focusing on non-mathematical approaches to economic analysis.

For more than forty years, the journal has published original work and commentaries by hundreds of authors broadly sharing our approach to classical liberal political economy. Nowadays, in contrast with some of our other output, it has a particularly strong international focus. Three-quarters of our readership is based overseas, as is a large proportion of our authors. This was not the case when Economic Affairs was first launched by Arthur Seldon and the IEA back in 1980.

The journal is published three times per year, in February, May, and October. Here you can access the latest issues.

The journal publishes main articles (around 7,000 words in length), as well as short articles, of no more than 3,500 words, reporting on larger studies which may be published in full elsewhere. The journal also has a book review section.

Click here for a list of past events