The economic and political school of thought known as Libertarianism is most closely associated with laissez faire as a public policy prescription. George Mason University’s Mercatus (which means “market” in Latin) Center might seem like a bastion of Libertarianism, but think again. My conversation with Peter Boettke, who directs the center’s F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, provides a far more nuanced view that is consilient with the Third Way.
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