Hayek Society
Encyclopedia
The LSE Hayek Society supports classical liberalism
, free market
economics and free trade
. It is a campus society and is named in honour of Nobel Laureate Friedrich Hayek
, who lectured at the London School of Economics from 1931 until 1950.
The Society was founded in 1996 by Hector Birchwood and Allister Heath. It publishes a journal entitled Ama-gi
, named after the first notation for freedom in Sumerian
cuneiform
.
The Society also runs a small publishing press, Houghton Street Press.
Classical liberalism
Classical liberalism is the philosophy committed to the ideal of limited government, constitutionalism, rule of law, due process, and liberty of individuals including freedom of religion, speech, press, assembly, and free markets....
, free market
Free market
A free market is a competitive market where prices are determined by supply and demand. However, the term is also commonly used for markets in which economic intervention and regulation by the state is limited to tax collection, and enforcement of private ownership and contracts...
economics and free trade
Free trade
Under a free trade policy, prices emerge from supply and demand, and are the sole determinant of resource allocation. 'Free' trade differs from other forms of trade policy where the allocation of goods and services among trading countries are determined by price strategies that may differ from...
. It is a campus society and is named in honour of Nobel Laureate Friedrich Hayek
Friedrich Hayek
Friedrich August Hayek CH , born in Austria-Hungary as Friedrich August von Hayek, was an economist and philosopher best known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought...
, who lectured at the London School of Economics from 1931 until 1950.
The Society was founded in 1996 by Hector Birchwood and Allister Heath. It publishes a journal entitled Ama-gi
Ama-gi
Ama-gi is a Sumerian word expressing the emancipation of slaves.Literally translated, it means "return to the mother," inasmuch as former slaves were "returned to their mothers, ." Although historians note that the meaning of the term is closer to "freedom," many libertarians believe it to be the...
, named after the first notation for freedom in Sumerian
Sumerian language
Sumerian is the language of ancient Sumer, which was spoken in southern Mesopotamia since at least the 4th millennium BC. During the 3rd millennium BC, there developed a very intimate cultural symbiosis between the Sumerians and the Akkadians, which included widespread bilingualism...
cuneiform
Cuneiform script
Cuneiform script )) is one of the earliest known forms of written expression. Emerging in Sumer around the 30th century BC, with predecessors reaching into the late 4th millennium , cuneiform writing began as a system of pictographs...
.
The Society also runs a small publishing press, Houghton Street Press.