The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.[nb 1] In July 1976, the name was changed to the Cato Institute. Cato was established to have a focus on public advocacy, media exposure and societal influence. According to the 2017 Global Go To Think Tank Index Report (Think Tanks and Civil Societies Program, University of Pennsylvania), Cato is number 15 in the "Top Think Tanks Worldwide" and number 10 in the "Top Think Tanks in the United States".
The Cato Institute is libertarian in its political philosophy, and advocates a limited role for government in domestic and foreign affairs. This includes support for abolishing minimum wage laws; opposition to universal health care; the privatization of many government agencies including Social Security, NASA, and the United States Postal Service; abolishing child labor laws; and a non-interventionist foreign policy.
|Motto||"Individual Liberty, Free Markets, and Peace"|
|Founders||Ed Crane, Charles Koch, Murray Rothbard|
|Type||501(c)(3) Non-profit think tank|
|Focus||Public advocacy, media exposure and societal influence|
President and CEO
|Peter N. Goettler|
|Robert A. Levy|
Budget (FYE March 2015)
|Revenue: $37.3 million|
Expenses: $29.4 million
70 adjunct faculty
|Charles Koch Foundation; Cato Foundation|
The institute was founded in December 1974 in Wichita, Kansas as the Charles Koch Foundation and initially funded by Charles Koch.[nb 2] The other members of the first board of directors included co-founder Murray Rothbard, libertarian scholar Earl Ravenal, and businessmen Sam H. Husbands Jr. and David H. Padden. At the suggestion of Rothbard, the institute changed its name in 1976 to Cato Institute after Cato's Letters, a series of British essays penned in the early 18th century by John Trenchard and Thomas Gordon.
Cato relocated first to San Francisco, California in 1977, then to Washington, D.C. in 1981, settling initially in a historic house on Capitol Hill.(p446) The Institute moved to its current location on Massachusetts Avenue in 1993. Cato Institute was named the fifth-ranked think tank in the world for 2009 in a study of think tanks by James G. McGann, PhD of the University of Pennsylvania, based on a criterion of excellence in "producing rigorous and relevant research, publications and programs in one or more substantive areas of research".
The Cato Institute publishes numerous policy studies, briefing papers, periodicals, and books. Peer-reviewed academic journals include the Cato Journal and Regulation. Other periodicals include Cato's Letter, Cato Supreme Court Review, and Cato Policy Report. Cato published Inquiry Magazine from 1977 to 1982 (before transferring it to the Libertarian Review Foundation) and Literature of Liberty from 1978 to 1979 (before transferring it to the Institute for Humane Studies).
Notable books from Cato and Cato scholars include:
In addition to maintaining its own website in English and Spanish, Cato maintains websites focused on particular topics:
Speakers at Cato have included Federal Reserve Chairmen Alan Greenspan and Ben Bernanke, and International Monetary Fund Managing Director Rodrigo de Rato. In 2009 Czech Republic President Václav Klaus spoke at a conference.
Many Cato scholars advocate support for civil liberties, liberal immigration policies, drug liberalization, and the repeal of Don't Ask Don't Tell and laws restricting consensual sexual activity. The Cato Institute officially resists being labeled as part of the conservative movement because "'conservative' smacks of an unwillingness to change, of a desire to preserve the status quo".
In 2006, Markos Moulitsas of the Daily Kos proposed the term "Libertarian Democrat" to describe his particular liberal position, suggesting that libertarians should be allies of the Democratic Party. Replying, Cato vice president for research Brink Lindsey agreed that libertarians and liberals should view each other as natural ideological allies, and noted continuing differences between mainstream liberal views on economic policy and Cato's "Jeffersonian philosophy". Cato has stated on its "About Cato" page: "The Jeffersonian philosophy that animates Cato's work has increasingly come to be called 'libertarianism' or 'market liberalism.' It combines an appreciation for entrepreneurship, the market process, and lower taxes with strict respect for civil liberties and skepticism about the benefits of both the welfare state and foreign military adventurism."
Some Cato scholars disagree with conservatives on neo-conservative foreign policy, albeit that this has not always been uniform.
The relationship between Cato and the Ayn Rand Institute (ARI) improved with the nomination of Cato's new president John A. Allison IV in 2012. He is a former ARI board member and is reported to be an "ardent devotee" of Rand who has promoted reading her books to colleges nationwide. In March 2015 Allison retired and was replaced by Peter Goettler. Allison remains on the Cato Institute's board.
The Cato Institute advocates policies that advance "individual liberty, limited government, free markets, and peace". They are libertarian in their policy positions, typically advocating diminished government intervention in domestic, social, and economic policies and decreased military and political intervention worldwide. Cato was cited by columnist Ezra Klein as nonpartisan, saying that it is "the foremost advocate for small-government principles in American life" and it "advocates those principles when Democrats are in power, and when Republicans are in power"; and Eric Lichtblau called Cato "one of the country's most widely cited research organizations." Nina Eastman reported in 1995 that "on any given day, House Majority Whip Tom DeLay of Texas might be visiting for lunch. Or Cato staffers might be plotting strategy with House Majority Leader Dick Armey, another Texan, and his staff."
Cato scholars have consistently called for the privatization of many government services and institutions, including NASA, Social Security, the United States Postal Service, the Transportation Security Administration, public schooling, public transportation systems, and public broadcasting. The institute opposes minimum wage laws, saying that they violate the freedom of contract and thus private property rights, and increase unemployment. It is opposed to expanding overtime regulations, arguing that it will benefit some employees in the short term, while costing jobs or lowering wages of others, and have no meaningful long-term impact. It opposes child labor prohibitions. It opposes public sector unions and supports right-to-work laws. It opposes universal health care, arguing that it is harmful to patients and an intrusion onto individual liberty. It is against affirmative action. It has also called for total abolition of the welfare state, and has argued that it should be replaced with reduced business regulations to create more jobs, and argues that private charities are fully capable of replacing it. Cato has also opposed antitrust laws.
Cato is an opponent of campaign finance reform, arguing that government is the ultimate form of potential corruption and that such laws undermine democracy by undermining competitive elections. Cato also supports the repeal of the Federal Election Campaign Act.
Cato has published strong criticisms of the 1998 settlement which many U.S. states signed with the tobacco industry. In 2004, Cato scholar Daniel Griswold wrote in support of President George W. Bush's failed proposal to grant temporary work visas to otherwise undocumented laborers which would have granted limited residency for the purpose of employment in the U.S.
In 2003, Cato filed an amicus brief in support of the Supreme Court's decision in Lawrence v. Texas, which struck down the remaining state laws that made private, non-commercial homosexual relations between consenting adults illegal. Cato cited the 14th Amendment, among other things, as the source of their support for the ruling. The amicus brief was cited in Justice Kennedy's majority opinion for the Court.
In 2006, Cato published a Policy Analysis criticising the Federal Marriage Amendment as unnecessary, anti-federalist, and anti-democratic. The amendment would have changed the United States Constitution to prohibit same-sex marriage; the amendment failed in both houses of Congress.
Cato scholars have been sharp critics of current U.S. drug policy and the perceived growing militarization of U.S. law enforcement.
In 2004, the Institute published a paper arguing in favor of "drug re-importation". Cato has published numerous studies criticizing what it calls "corporate welfare", the practice of public officials funneling taxpayer money, usually via targeted budgetary spending, to politically connected corporate interests.
Cato president Ed Crane and Sierra Club executive director Carl Pope co-wrote a 2002 op-ed piece in The Washington Post calling for the abandonment of the Republican energy bill, arguing that it had become little more than a gravy train for Washington, D.C. lobbyists. Again in 2005, Cato scholar Jerry Taylor teamed up with Daniel Becker of the Sierra Club to attack the Republican Energy Bill as a give-away to corporate interests.
Cato's non-interventionist foreign policy views, and strong support for civil liberties, have frequently led Cato scholars to criticize those in power, both Republican and Democratic. Cato scholars opposed President George H. W. Bush's 1991 Gulf War operations (a position which caused the organization to lose nearly $1 million in funding),(p454) President Bill Clinton's interventions in Haiti and Kosovo, President George W. Bush's 2003 invasion of Iraq, and President Barack Obama's 2011 military intervention in Libya. As a response to the September 11 attacks, Cato scholars supported the removal of al Qaeda and the Taliban regime from power, but are against an indefinite and open-ended military occupation of Afghanistan. Cato scholars criticized U.S. involvement in Saudi Arabian-led intervention in Yemen.
Ted Galen Carpenter, Cato's Vice President for Defense and Foreign Policy Studies, criticized many of the arguments offered to justify the 2003 invasion of Iraq. One of the war's earliest critics, Carpenter wrote in January 2002: "Ousting Saddam would make Washington responsible for Iraq's political future and entangle the United States in an endless nation-building mission beset by intractable problems." Carpenter also predicted: "Most notably there is the issue posed by two persistent regional secession movements: the Kurds in the north and the Shiites in the south." But in 2002 Carpenter wrote, "the United States should not shrink from confronting al-Qaeda in its Pakistani lair," a position echoed in the Institute's Policy Recommendations for the 108th Congress. Cato's Director of Foreign Policy Studies, Christopher Preble, argues in The Power Problem: How American Military Dominance Makes Us Less Safe, Less Prosperous, and Less Free, that America's position as an unrivaled superpower tempts policymakers to constantly overreach and to redefine ever more broadly the "national interest".
Cato scholars have written about the issues of the environment, including global warming, environmental regulation, and energy policy.
PolitiFact.com and Scientific American have criticized Cato's work on global warming. A December 2003 Cato panel included Patrick Michaels, Robert Balling and John Christy. Michaels, Balling and Christy agreed that global warming is related at least some degree to human activity but that some scientists and the media have overstated the danger. The Cato Institute has also criticized political attempts to stop global warming as expensive and ineffective:
No known mechanism can stop global warming in the near term. International agreements, such as the Kyoto Protocol to the United Nations Framework Convention on Climate Change, would have no detectable effect on average temperature within any reasonable policy time frame (i.e., 50 years or so), even with full compliance.
Cato scholars have been critical of the Bush administration's views on energy policy. In 2003, Cato scholars Jerry Taylor and Peter Van Doren said the Republican Energy Bill was "hundreds of pages of corporate welfare, symbolic gestures, empty promises, and pork-barrel projects". They also spoke out against the former president's calls for larger ethanol subsidies.
With regard to the "Takings Clause" of the United States Constitution and environmental protection, libertarians associated with Cato contend that the Constitution is not adequate to guarantee the protection of private property rights.
Cato scholars were critical of George W. Bush's Republican administration (2001–2009) on several issues, including education, and excessive government spending. On other issues, they supported Bush administration initiatives, most notably health care, Social Security, global warming, tax policy, and immigration.
Cato has criticized President Obama's stances on policy issues such as fiscal stimulus, healthcare reform, foreign policy, and drug-related matters, while supporting his stance on the repeal of Don't Ask, Don't Tell and the DREAM Act.
Cato was strongly critical of Trump's immigration ban, which was enacted in January 2017.
The Cato Institute is classified as a 501(c)(3) organization under U.S. Internal Revenue Code. For revenue, the Institute is largely dependent on private contributions and does not receive government funding. The Cato Institute reported fiscal year 2015 revenue of $37.3 million and expenses of $29.4 million. According to the organization's annual report, $32.1 million came from individual donors, $2.9 million came from foundations, $1.2 million came from program revenue and other income, and $1 million came from corporations.
|Funding details as of FYE March 2015:||
Net assets as of FYE March 2015: $70,186,000.
According to an agreement signed in 1977, there were to be four shareholders of the Cato Institute. They were Charles and David Koch, Ed Crane, and William A. Niskanen. Niskanen died in October 2011. In March 2012, a dispute broke out over the ownership of Niskanen's shares. Charles and David Koch filed suit in Kansas, seeking to void his shareholder seat. The Kochs argued that Niskanen's shares should first be offered to the board of the Institute, and then to the remaining shareholders. Crane contended that Niskanen's share belonged to his widow, Kathryn Washburn, and that the move by the Kochs was an attempt to turn Cato into "some sort of auxiliary for the G.O.P ... It's detrimental to Cato, it's detrimental to Koch Industries, it's detrimental to the libertarian movement."
In June 2012, Cato announced an agreement in principle to settle the dispute by changing the institute's governing structure. Under the agreement, a board replaced the shareholders and Crane, who at the time was also Chief Executive Officer, retired. Former BB&T bank CEO John A. Allison IV replaced him. The Koch brothers agreed to drop two lawsuits.
In 2018, several former Cato employees alleged longtime sexual harassment by Crane, going back to the 1990s and continuing until his departure in 2012. Politico reported that he settled one such claim in 2012. Crane denied the allegations.
Since 2002, the Cato Institute has awarded the Milton Friedman Prize for Advancing Liberty every two years to "an individual who has made a significant contribution to advancing human freedom." The prize comes with a cash award of US$250,000.
|2002||Peter Thomas Bauer||British|
|2004||Hernando de Soto Polar||Peruvian|
|2018||Ladies in White||Cuban|
As of 2016:
Notable scholars associated with Cato include the following:
According to the 2017 Global Go To Think Tank Index Report (Think Tanks and Civil Societies Program, University of Pennsylvania), Cato is number 15 in the "Top Think Tanks Worldwide" and number 10 in the "Top Think Tanks in the United States". Other "Top Think Tank" rankings include # 13 (of 85) in Defense and National Security, #5 (of 80) in Domestic Economic Policy, #4 (of 55) in Education Policy, #17 (of 85) in Foreign Policy and International Affairs, #8 (of 30) in Domestic Health Policy, #14 (of 25) in Global Health Policy, #18 (of 80) in International Development, #14 (of 50) in International Economic Policy, #8 (of 50) in Social Policy, #8 (of 75) for Best Advocacy Campaign, #17 (of 60) for Best Think Tank Network, #3 (of 60) for best Use of Social Networks, #9 (of 50) for Best External Relations/Public Engagement Program, #2 (of 40) for Best Use of the Internet, #12 (of 40) for Best Use of Media, #5 (of 30) for Most Innovative Policy Ideas/Proposals, #11 (of 70) for the Most Significant Impact on Public Policy, and #9 (of 60) for Outstanding Policy-Oriented Public Programs. Cato also topped the 2014 list of the budget-adjusted ranking of international development think tanks.
No one can spend any time the newspapers, library inventories, and pamphlets of colonial America without realizing that Cato's Letters rather than John Locke's Civil Government was the most popular, quotable, esteemed source for political ideas in the colonial period.
file photo taken on November 30, 2006
Federal Reserve Board Chairman Ben Bernanke speaks at the Cato Institute's annual Monetary Conference ...
Andrey Nikolayevich Illarionov (Russian: Андре́й Никола́евич Илларио́нов, born 16 September 1961) is a Russian economist and former economic policy advisor to the President of Russia, Vladimir Putin. He works as a senior fellow in the Center for Global Liberty and Prosperity at the Cato Institute in Washington, DC.Bryan Caplan
Bryan Douglas Caplan (born April 8, 1971) is an American economist. Caplan is a professor of economics at George Mason University, research fellow at the Mercatus Center, adjunct scholar at the Cato Institute, and frequent contributor to Freakonomics as well as publishing his own blog, EconLog. He is a self-described economic libertarian. The bulk of Caplan's academic work is in behavioral economics and public economics, especially public choice theory.Cato Journal
The Cato Journal is a triannual peer-reviewed academic journal which covers public policy from an Austro-libertarian point of view. It was established in 1981 and is published by the Cato Institute. It publishes articles discussing politics and economy. The journal is a "free-market, public policy journal ... for scholars concerned with questions of public policy, yet it is written and edited to be accessible to the interested lay reader". The editor-in-chief is James A. Dorn (Cato Institute).David Boaz
David Boaz (; born August 29, 1953, Mayfield, Kentucky) is the executive vice president of the Cato Institute, an American libertarian think tank.
He is the author of Libertarianism: A Primer, published in 1997 by the Free Press and described in the Los Angeles Times as "a well-researched manifesto of libertarian ideas." He is also the editor of The Libertarian Reader and co-editor of the Cato Handbook for Congress (2003) and the Cato Handbook on Policy (2005). He frequently discusses such topics as education choice, the growth of government, the ownership society, his support of drug legalization, a non-interventionist foreign policy, and the rise of libertarianism on national television and radio shows.
Boaz's 1988 The New York Times op-ed on the high cost of the drug war invited debate over the decriminalization of drugs. His articles have also been published in the Wall Street Journal, Washington Post, Los Angeles Times, National Review, and Slate. He has appeared on ABC's Politically Incorrect, CNN's Crossfire, NPR's Talk of the Nation and All Things Considered, Fox News Channel, BBC, Voice of America, Radio Free Europe, and other media. Boaz, a graduate of Vanderbilt University, is the former editor of The New Guard magazine and was executive director of the Council for a Competitive Economy prior to joining Cato in 1981.Doug Bandow
Douglas "Doug" Bandow (born c. 1954) is an American political writer, currently working as a Senior Fellow at the Cato Institute. In 2005, Bandow was forced to resign from the Cato Institute after it was revealed that for over ten years, he accepted payments in exchange for publishing articles favorable to various clients. Bandow referred to these activities as "a lapse of judgment" and said that he accepted payments for "between 12 and 24 articles", with each article costing approximately $2,000. Bandow was subsequently allowed to return to Cato.
Bandow regularly writes on military non-interventionism and is a vociferous critic of NATO enlargement.Earl Ravenal
Earl Cedric Ravenal (born 1931) is an American foreign policy analyst, academic, and writer. He is a former distinguished senior fellow in foreign policy studies at the Cato Institute and professor emeritus of the Georgetown University School of Foreign Service.
Ravenal served as a division director in the Office of United States Secretary of Defense from 1967 to 1969, under Secretaries of Defense Robert McNamara and Clark Clifford.He was a candidate for the Libertarian Party's presidential nomination in the 1984 election, and he finished second to the party's eventual nominee, David Bergland.Ed Crane (political activist)
Edward Harrison Crane (born August 15, 1944) is an American libertarian and co-founder of the Cato Institute. He served as its president until October 1, 2012.In the 1970s, he was one of the most active leaders within the Libertarian Party. He directed the Party as its National Chair from 1974 to 1977, worked on John Hospers's Presidential bid and managed Ed Clark's 1978 campaign for Governor of California. In 1980, Crane served as Communications Director to the Libertarian Party Presidential ticket of Clark and Vice Presidential candidate David Koch. In 2012, Ed Crane stepped down from Cato's board.
Crane has been a member of the board of various political organizations, including Americans for Limited Government, a group that assists grassroots efforts throughout the country, and the Center for Competitive Politics. Crane is also a member of the Mont Pelerin Society.Jeffrey Miron
Jeffrey Alan "Jeff" Miron (; born January 31, 1957) is an American economist. He served as the chairman of the Department of Economics at Boston University from 1992 to 1998, and currently teaches at Harvard University, serving as a Senior Lecturer and Director of Undergraduate Studies in Harvard's Economics Department. Miron holds the position of Director of Economic Policy Studies at the Cato Institute.Mises Institute
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States. It is named after Austrian School economist Ludwig von Mises (1881–1973).
The Mises Institute was founded in 1982 by Lew Rockwell, Burton Blumert, and Murray Rothbard, following a split between the Cato Institute and Rothbard, who had been one of the founders of the Cato Institute. Additional backing for the founding of the Institute came from Mises's wife, Margit von Mises, Henry Hazlitt, Lawrence Fertig, and Nobel Economics Laureate Friedrich Hayek. Through its publications, the Institute promotes libertarian, paleolibertarian and anarcho-capitalist political theories and a form of heterodox economics known as praxeology ("the logic of action").Nat Hentoff
Nathan Irving Hentoff (June 10, 1925 – January 7, 2017) was an American historian, novelist, jazz and country music critic, and syndicated columnist for United Media. Hentoff was a columnist for The Village Voice from 1958 to 2009. Following his departure from The Village Voice, Hentoff became a senior fellow at the Cato Institute, continued writing his music column for The Wall Street Journal, which published his works until his death. He often wrote on First Amendment issues, vigorously defending the freedom of the press.
Hentoff was formerly a columnist for: Down Beat, JazzTimes, Legal Times, The Washington Post, The Washington Times, The Progressive, Editor & Publisher and Free Inquiry. He was a staff writer for The New Yorker, and his writings were also published in: The New York Times, Jewish World Review, The Atlantic, The New Republic, Commonweal, and Enciclopedia dello Spettacolo.P. J. O'Rourke
Patrick Jake O'Rourke (born November 14, 1947) is an American political satirist and journalist. O'Rourke is the H. L. Mencken Research Fellow at the libertarian Cato Institute and is a regular correspondent for The Atlantic Monthly, The American Spectator, and The Weekly Standard, and frequent panelist on National Public Radio's game show Wait Wait... Don't Tell Me!. Since 2011, he has been a columnist at The Daily Beast.In the UK, he is known as the face of a long-running series of television advertisements for British Airways in the 1990s. He is the author of 20 books, the best known of which are Holidays in Hell, a compilation of O'Rourke's articles as a free-lance foreign correspondent, All the Trouble in the World, an examination of current political concerns such as global warming and famine from a libertarian perspective.The Forbes Media Guide Five Hundred, 1994 states, "O'Rourke's original reporting, irreverent humor, and crackerjack writing makes for delectable reading. He never minces words or pulls his punches, whatever the subject."Patrick Michaels
Patrick J. ("Pat") Michaels (born February 15, 1950) is an American climatologist. Michaels is a senior fellow in environmental studies at the Cato Institute. Until 2007 he was research professor of environmental sciences at the University of Virginia, where he had worked from 1980.A self-described skeptic on the issue of global warming, he is a past president of the American Association of State Climatologists. He has written a number of books and papers on climate change, including Sound and Fury: The Science and Politics of Global Warming (1992), The Satanic Gases (2000), and Meltdown: The Predictable Distortion of Global Warming by Scientists, Politicians, and the Media (2004). He's also the co-author of Climate of Extremes: Global Warming Science They Don't Want You to Know (2009). Michaels' viewpoint, as argued in a 2002 article in the journal Climate Research, is that the planet will see "a warming range of 1.3–3.0°C, with a central value of 1.9°C" for the 1990 to 2100 period (a value far smaller than the IPCC's average predictions).Randal O'Toole
Randal O'Toole (born 1952) is an American public policy analyst. The majority of O'Toole's work has focused on public lands, land-use regulation, and transportation, particularly light rail.He has been associated with the Cato Institute as an adjunct scholar since 1995 and a senior fellow since 2007. O'Toole was the McCluskey Visiting Fellowship for Conservation at Yale University in 1998, and has served as a visiting scholar at the University of California, Berkeley (1999) and Utah State University (2000). O'Toole studied economics at the University of Oregon, but did not receive a degree in economics. O'Toole's private consultancy is known as the Thoreau Institute.Sex scandal
A sex scandal is a scandal involving allegations or information about possibly-immoral sexual activities being made public. Sex scandals are often associated with sexual affairs of film stars, politicians, famous athletes or others in the public eye, and become scandals largely because of the prominence of the person involved, perceptions of hypocrisy on their part, or the non-normative or non-consensual nature of their sexuality. A scandal may be based on reality, the product of false allegations, or a mixture of both.
Sex scandals involving politicians often become political scandals, particularly when there is an attempt at a cover-up, or suspicions of illegality.
While some commentators see sex scandals as irrelevant to politics, particularly where "professional performance [does] not seem to be impaired", Gene Healy of the Cato Institute views them as not just "great fun", but a reminder "that we should think twice before we cede more power to these clowns." An increase in the prevalence of morally questionable expressions of sexuality is sometimes referred to as a sexidemic.The Hamilton–Reynolds affair which involved Secretary of the Treasury Alexander Hamilton, who had a one-year affair with Maria Reynolds during George Washington's presidency, is considered as one of the first sex scandals in American political history.Teller (magician)
Teller (born Raymond Joseph Teller; February 14, 1948) is an American magician, illusionist, writer, actor, painter, and film director. He is best known as half of the comedy magic duo Penn & Teller, along with Penn Jillette. Teller usually does not speak during performances. He is an atheist, debunker, skeptic, and a fellow of the Cato Institute (a free market libertarian think tank that also lists Jillette as a fellow), an organization which is featured prominently in the duo's Showtime series Bullshit!. Teller legally changed his name from "Raymond Joseph Teller" to the mononym "Teller".Tibor Machan
Tibor Richard Machan (; 18 March 1939 – 24 March 2016) was a Hungarian-American philosopher. A professor emeritus in the department of philosophy at Auburn University, Machan held the R. C. Hoiles Chair of Business Ethics and Free Enterprise at the Argyros School of Business & Economics at Chapman University in Orange, California until 31 December 2014.
He was a research fellow at the Hoover Institution at Stanford University, a research fellow at the Independent Institute, an adjunct scholar at the Cato Institute, and an adjunct faculty member of the Ludwig von Mises Institute. Machan was a syndicated and freelance columnist; author of more than one hundred scholarly papers and more than forty books, among them Why is Everyone Else Wrong? (Springer, 2008). He was, until spring 2015, senior contributing editor at The Daily Bell. He was senior fellow at the Heartland Institute in Arlington Heights, Illinois.
Machan rejected any division of libertarianism into left wing and right wing. He held that, by its nature, libertarianism is about political liberty for all individuals to do whatever is peaceful and non-aggressive. Machan was a minarchist.Vernon L. Smith
Vernon Lomax Smith (born January 1, 1927) is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics and law at George Mason University, and a board member of the Mercatus Center. He was also a founding board member of the Center for Growth and Opportunity at Utah State University.Smith shared the 2002 Nobel Memorial Prize in Economic Sciences with Daniel Kahneman for his contributions to Behavioral Economics.Smith is the founder and president of the International Foundation for Research in Experimental Economics, a Member of the Board of Advisors for The Independent Institute, a Senior Fellow at the Cato Institute in Washington D.C.. In 2004 Smith was honored with an honorary doctoral degree at Universidad Francisco Marroquín, the institution that named the Vernon Smith Center for Experimental Economics Research after him.William A. Niskanen
William Arthur Niskanen (March 13, 1933 – October 26, 2011) was an American economist noted as one of the architects of President Ronald Reagan's economic programme and for his contributions to public choice theory. He was also a long-time chairman of the libertarian Cato Institute.William Poole (economist)
William Poole (born June 19, 1937) was the eleventh chief executive of the Federal Reserve Bank of St. Louis. He took office on March 23, 1998 and began serving his full term on March 1, 2001. In 2007, he served as a voting member of the Federal Open Market Committee, bringing his District's perspective to policy discussions in Washington. Poole stepped down from the Fed on March 31, 2008.
Poole is Senior Fellow at the Cato Institute, Senior Advisor to Merk Investments and, as of fall 2008, Distinguished Scholar in Residence at the University of Delaware.