...if we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.”
- F. A. Hayek

“Contrary to the vulgar belief that men are motivated primarily by materialistic considerations, we now see the capitalist system being discredited and destroyed all over the world, even though this system has given men the greatest material comforts”

- Ayn Rand

The free market punishes irresponsibility. Government rewards it.”
- Harry Browne


“Morally acting man seeks profit; immorally acting man seeks plunder.”

- Jay S. Snelson

Sunday, 31st July 2016:



· 8 to 8:25am: Registration and coffee


· 8:25 to 8:30am: Introduction by Jayant Bhandari


· 8:30 to 9:30am: “How to Avoid Psychological Depressions Over Economic Ones,” by Dr Michael Edelstein

Dr Edelstein is a clinical psychologist with an in-person and telephone/Skype therapy practice. He is the award-winning author of “Three Minute Therapy”. He also wrote “Stage Fright,” “Rational Drinking” and his latest, "Therapy Breakthrough." He trained with Dr. Albert Ellis and supervises mental health professionals in the REBT/ CBT treatment of emotional and behavioral problems. He lectures nationally and internationally, and has appeared on numerous radio and TV shows. Dr Edelstein teaches his clients how to be their own therapist


· 9:30 to 10am: “The More Complex Society Becomes, the Greater the need for Anarchy,” by Butler Shaffer
Mr Shaffer, an astute observer of the human nature, talks about the ever-continuing demeaning of the human spirit under the expansion of institutional power. Author of several books—Boundaries of Order, Calculated Chaos, In Restraint of Trade, The Wizard of Ozymandias, and his latest Libertarian Critique of Intellectual Property—Mr Shaffer is Professor of Law Emeritus at Southwestern Law School.


· 10:00 to 10:20am: “Hayek’s Theory of Social Change,” by Matt Bufton

Mr Bufton co-founded the Institute for Liberal Studies (ILS) in 2006 and has served as the Executive Director since 2010. He is responsible for the day-to-day management of the ILS and handles administration, fundraising, strategic direction for the institute while planning and overseeing its activities across Canada. Mr Bufton is a graduate of both the Atlas Network’s MBA for Think Tank Management and its Think Tank Leadership Academy. He has spoken at conferences across Canada and the United States and served on the board of directors of Civitas from 2012-2016.


· 10:20 to 10:40am: Coffee


· 10:40 to 11:00am: “Why Most Libertarians are Not Famous or Filthy Rich,” by Mary Lou Gutscher

Ms Gutscher first became an advocate for liberty with the Ontario and Canadian Libertarian Parties, and as co-founder of the Unparty (now called the Freedom Party). After leaving politics, she volunteered for 8 years as Director of World Conferences for the International Society for Individual Liberty (recently renamed Liberty International), and coordinated and taught at Liberty and Entrepreneurship Camps in Eastern and Western Europe, Africa and Central America. She was also a founding advisor with Peter Jaworski, of the Liberty Summer Seminars, which were the starting ventures of what is now the Institute for Liberal Studies.  A serial entrepreneur, Ms Gutscher now operates as a Small Business Advisor in Edmonton, Alberta.


· 11:00 to 12:00pm: There are Some Truths behind Stereotypes: Nothing is Wrong with Racism and Sexism,” by Dr Walter Block

Dr Block is Harold E. Wirth Eminent Scholar Chair in Economics and Professor of Economics at Loyola University New Orleans and Senior Fellow with the Ludwig von Mises Institute, USA. He has written many books, best known among which is perhaps “Defending the Undefendable”. Others include: “Lexicon of Economic Thought”, “Economic Freedom of the World, 1975-1995”; “Rent Control: Myths and Realities”; “Discrimination, Affirmative Action, and Equal Opportunity”; “Theology, Third Word Development and Economic Justice”; “Man, Economy, and Liberty Essays in Honor of Murray N. Rothbard”; “Religion, Economics, and Social Thought; and Economic Freedom: Toward a Theory of Measurement.”


· 12:00 to 1:00pm: “Corporate Social Opportunity, not Corporate Social Responsibility,” by Rick Rule

Mr Rule is one of the most successful investors anywhere. Mr Rule started his career working as a security guard at False Creek in Vancouver. He is currently the President and CEO of Sprott US Holdings Inc., one of the biggest and most successful money managers in the resource sector. He is a living proof of what he loves to say, “Your biggest problem is not the state and its tyranny, but what is between your two ears.” Mr Rule emphasizes that fulfillment comes from individual achievement, and that advances in the condition of mankind occur through voluntary rather than coercive exchanges.   


· 1:00pm onwards: Picnic at Harbour Green Park (please bring some snacks with you or buy on the way).


(The program is subject to change and is likely to be extended to the full day on day-two)



Event Rooms 1300-1500
Segal Graduate School of Business
500 Granville Street
Vancouver, BC, Canada V6C 1W6
(This is an independent event, not affiliated with the School)  

Jayant Bhandari


Linked here are video recordings of earlier year seminars.

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
-Murray Rothbard

Capitalism & Morality 2016—DAY 2

“To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.” - Ludwig von Mises

Text Box: Capitalism & Morality 2016