The Libertarian Alliance, London


Lessons from the Financial Crisis: A Libertarian Perspective
Professor Kevin Dowd
Economic Notes No. 111
ISSN 0267-7164                   ISBN
An occasional publication of the Libertarian Alliance,
Suite 35, 2 Lansdowne Row, Mayfair, London W1J 6HL.
© 2009: Libertarian Alliance; Kevin Dowd
This article is an expanded version of the Second Chris R. Tame Memorial Lecture delivered by Professor Dowd at the National Liberal Club, London, March 17th 2009. A recording of the original Lecture, with an introduction by Dr Tim Evans, President of the Libertarian Alliance, can be found at

The views expressed in this publication are those of its author, and not necessarily those of the Libertarian Alliance, its Committee, Advisory Council or subscribers.


Good evening everyone.  I would like to start by thanking my friends at the Libertarian Alliance for inviting me to give this lecture.  It�s good to see so many other friends here as well.  I would like to thank you all for coming….[more]

0 thoughts on “The Libertarian Alliance, London

  1. A good lecture. Just considering the rate of inflation since the seventies and eighties, I’ll quote an appendix from some statistical course materials I’m currently going through;

    “The sum 5p may seem very small and prompt the question why change might be required for such a small sum. At the time the experiment was carried out (1981), a local telephone call could be made from a public telephone box for as little as 2p.”

    Today it costs a minimum of 20p, which constitutes a ten-fold rate of inflation. What was the standard of living really like in 1981? I can’t seem to remember, having not been born. But surely it couldn’t have been ten-fold worse than today’s standard of living.

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