STICERD Public Events and Lectures
Hosted by the Hayek Programme in Economics and Liberal Political Economy
Hayek Programme in Economics and Liberal Political Economy
Has the Free Market Failed?
Deirdre McCloskey (Cato Institute)
Thursday 16 October 2025 18:30 - 20:00
Many of our seminars and public events this year will continue as in person or as hybrid (online and in person) events. Please check our website listings and Twitter feed @STICERD_LSE for updates.
Unless otherwise specified, in-person seminars are open to the public. Please ensure you have informed the event contact as early as possible.
Those unable to join the seminars in-person are welcome to participate via zoom if the event is hybrid.
About this event
From Donald Trump to Bernie Sanders, criticism of free markets, free trade, and globalization is now heard across the political spectrum. On the right, many blame free trade for hollowing out domestic industries; on the left, others claim it enables the exploitation of the Global South. Has the post-war economic consensus collapsed? And if so, what comes next?
Join us for a provocative conversation with the world-renowned economic historian Deirdre McCloskey, as we ask: Has the free market really failed or have we misunderstood what made us rich in the first place? We’ll also take a look at the state of economics today—and whether the discipline itself needs a moral and intellectual reboot. Last, the event will explore contemporary issues surrounding the discourse of neoliberalism.
This event will be structured as a one-hour panel interview followed by an open question-answer session with a public audience.
About the speaker
Dr Deirdre N. McCloskey is a Senior Fellow and the Isaiah Berline Chair in Liberal Thought at the Cato Institute and a Distinguished Affiliated Fellow with the F.A. Hayek Programme for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
McCloskey is Distinguished Professor Emerita of Economics and History, Professor Emerita of English and Communication, and Emerita Adjunct Professor of Classics and Philosophy at the University of Illinois at Chicago. Previously, she was the Visiting Tinbergen Professor of Philosophy, Economics, and Art and Cultural Studies at Erasmus University of Rotterdam and a tenured Professor of Economics at the University of Chicago where she taught for twelve years.
Her main scientific work began in the 1960s with British economic history, but widened to world history, especially in her Bourgeois trilogy, consisting of The Bourgeois Virtues: Ethics for a Commercial Society (University of Chicago Press, 2006), Bourgeois Dignity: Why Economics Can't Explain the Modern World (University of Chicago Press, 2010), and Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World (University of Chicago Press, 2016).
The panel will also feature Mani Basharzad, economic journalist, as well as Bryan Cheang from LSE (chairperson and moderator).
Related
For further information please contact Lubala Chibwe, by email: l.chibwe@lse.ac.uk.