The 20th Annual Friedrich A. von Hayek Lecture: "Hayek, Trump, and Mamdani walk into a bar...": Can an Austrian Economist Survive Our un-American Age?

Presented by Tunku Varadarajan (w/Moderator Professor Richard Epstein)

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Opening Remarks: 
Richard Epstein, Laurence A. Tisch Professor of Law, NYU School of Law.  

Drawing on then-new tools of systems theory, Hayek offered an alternative picture of law as a spontaneous order, by analogy to other social orders like the market and custom. This paper will argue that the tools of system theory also point to sources of order within the law: although law is not the deductive machine in the realist caricature, it is a loosely interconnected system of interlocking concepts that produces emergent properties of efficiency and justice (or their opposites) at the societal level. This kind of system is neither wholly spontaneous nor fully designed. 

The 20th Annual Friedrich A. von Hayek Lecture will examine the relation between the law (mainly in common-law jurisdictions) and Hayek's ideas on free markets and free people. There will be a particular focus on his idea of "nomos," or spontaneous social norms, and the relationship between these normative principles and institutional legislation. The discussion will be based on an examination of present-day moral and legal debates (and dilemmas). 

Tunku Varadarajan is a fellow at the American Enterprise Institute and also at the New York University Law School’s Classical Liberal Institute. He is a contributing writer at the Wall Street Journal’s editorial pages, where he writes op-eds and book reviews. He has previously worked as the op-ed editor of the Wall Street Journal (from 2002-2007) and as editor of Newsweek International. Varadarajan’s former positions include: the Virginia Hobbs Carpenter Research Fellowship in Journalism at Stanford University’s Hoover Institution; executive editor for opinion at Forbes; and bureau chief for the Times of London in New York and Madrid. He has been a clinical professor at the Stern School of Business at New York University, an adjunct professor at Columbia University’s Graduate School of Journalism and at CUNY’s Graduate School of Journalism, as well as a lecturer in law at Trinity College, Oxford, where he taught Roman Law, Constitutional and Administrative Law, and Public International Law.  

This event has been approved to offer 1.5 New York State CLE credits in the category of Areas of Professional Practice. The credit is both transitional and non-transitional; it is appropriate for both experienced and newly appointed attorneys.

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