I have just discovered the wonderful coincidence that May 7th is David Hume’s birthday and May 8th, as I have known, is Friedrich Hayek’s birthday. It is Hume’s 300th birthday – how amazing that he is still so relevant in a myriad of ways. It is Hayek’s 112th birthday.
As most of our readers will know, Hayek thought that David Hume’s political philosophy was one of the most important intellectual developments in the classical liberal heritage. David Hume was also a source of inspiration for the work of James Buchanan and his schools of public choice economics and constitutional political economy. Continue reading