Economic Indulgences: Old and New Debates on Welfare and Freedom

David Cowan

Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016)

Henry Hazlitt Memorial Lecture

In this lecture, I will look at a debate in the 1960s between Frank Knight, the subject of my new book (2006) in Palgrave Macmillan's Great Thinkers in Economics series, and Henry Hazlitt, memorialized by this lecture. I will look at the dispute they had on welfare, freedom and power, which was an important debate then and now. I will take Knight’s observations and apply them to today’s debate on inequality, and what I suggest are the economic indulgences referenced in my lecture title.

Meet the Author
David Cowan
David Cowan

David Cowan is communications adviser, author and a visiting scholar at Boston College. His book, Frank H. Knight: Prophet of Freedom, is published 23rd March 2016 by Palgrave Macmillan, as part of the Great Thinkers in Economic series. Dr. Cowan has 30 years experience as a financial journalist and communications advisor to global corporations, working for various organizations in Europe, North America and the Middle East, including the World Bank in Washington DC and Clearstream International in finance, the steel company ArcelorMittal, and petrochemicals company SABIC. He is author of Economic Parables: The Monetary Teachings of Jesus Christ (IVP, 2nd edition 2009) and Strategic Internal Communication: How to Build Employee Engagement and Performance (Kogan Page, 2014) to be in a second edition next year. He has written for many publications including the Journal of Theological Studies. Dr. Cowan studied theology in Britain at the universities of Glasgow, Oxford, and St Andrews, where he earned his PhD jointly in the schools of Divinity and International Relations.

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