Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

“Capitalism was and is the great prosperity engine behind all the material freedoms of modern life.”

Patrik Schumacher
Doctor honoris causa en Ciencias Sociales, noviembre 2019
“Only Capitalism can Solve the London House Crisis”


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“Capitalism was and is the great prosperity engine behind all the material freedoms of modern life.”

Patrik Schumacher
Doctor honoris causa en Ciencias Sociales, noviembre 2019
“Only Capitalism can Solve the London House Crisis”

“Always history is being made; opinions, attitudes and institutions change, and there is evolution in the nature of capitalism.”

Frank Knight
(born November 7, 1885)
The Ethics of Competition

“A capitalist economy hums when leading businessmen are bubbling with animal spirits and are prepared to sink their money into risky ventures.”

Paul Johnson
(born November 2, 1928)

“The economic nexus indefinitely expands our freedom of combination and movement; for it enables us to form one set of groups linked by cohesion of faculties and resources, and another set of groups linked by community of purpose, without having to find the “double coincidence” which would otherwise be necessary.”

Philip H. Wicksteed
(born October 25, 1844)
The Commonsense of Political Economy

“Private property is the garage where we can form a band or invent the personal computer or paint protest signs.  As private property disappears, not only do our economic liberties disappear but so too do our political liberties.”

Sanford Ikeda
(born October 14, 1957)
“Dissent under socialism”

“I believe, basically, that individual freedom is very important.”

Peter Thiel
(born October 11, 1967)

“Creo muy profundamente en el hombre, y en la dignidad del individuo humano. Soy partidario de la libertad individual frente al Gobierno. Así como también soy partidario de la autodisciplina personal del hombre. Por esto apoyo al liberalismo”.

José Piñera
n. 6 de octubre, 1948

“Under capitalism everybody is the architect of his own fortune.”

Ludwig von Mises
(born September 29, 18817)

“Economics teaches you that making a choice means giving up something.”

Russell Roberts
(born September 19, 1954)
How Adam Smith Can Change Your Life

“Throw into the trash can all the comprehensive frameworks, central plans, and worldwide goal. Just respond to each local situation according to what people in that situation need and want.”

William Easterly
(born September 7, 1957)
The White Man´s Burden

“We don’t need to ‘control’ free speech, we need to control ourselves.”

Peggy Noonan
(born September 7, 1950)
Patriotic Grace: What it Is and Why We Need it Now

“You cannot spend your way out of recession or borrow your way out of debt.”

Daniel Hannan
(born September 1, 1971)
Speech to Gordon Brown in the European Parliament, March 24, 2009

“Dudar: el sinónimo más cercano a sabiduría”.

Jorge Luis Borges
n. 24 de agosto, 1899

“The best way to put more money in people's wallets is to leave it there in the first place.”

Edwin Feulner
(born August 12, 1941)

“The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.”

Milton Friedman
(born July 31, 1912)
Capitalism and Freedom

“Exchange is central to all human economic activity. If exchange in our species is made possible by evolved, neurocomputational programs specialized for exchange itself, this is surely worth knowing.”

John Tooby
(born July 26, 1952)
“Adaptations for Reasoning About Social Exchange”
Leda Cosmides y John Tooby

“El concepto del Estado de derecho es una de las instituciones más importantes en una sociedad libre”.

Samuel Gregg
n. 16 de julio, 1969

“The theory of prices prepares us for the understanding of the economic distribution of goods, distribution of income and computation of value, and no economic theory, therefore, can fail to encounter the problem.”

Freidrich von Wieser
(born July 10, 1851)

“Information is the lifeblood of a market. It is also poison to dictators.”

Richard K. Armey
(born July 7, 1940)

“Take away freedom of speech, and the creative faculties dry up.”

George Orwell
(Eric Arthur Blair)
(born June 25, 1903)
The Collected Essays, Journalism, and Letters of George Orwell: As I please, 1943-1945

“A free person spends most of his time making positive decisions—choosing among attractive alternatives.”

Harry Browne
(born June 17, 1933)
How I Found Freedom in an Unfree World

“The improvement in efficiency is one of the benefits which we owe to the technological revolution.”

“Prohibition is found to be costly, inconsistent, incomplete, or of limited value.”

“Prices do not coordinate; they supply information.”

Harold Demsetz
(born May 31, 1930)
The Economic of Business Firm: Seven Critical Commentaries

“Economic freedom, in short, means the freedom to be self-interested. Under capitalism, people aim to produce more, to consume more, to continually increase their standard of living, for themselves.”

Yaron Brook
(born May 23, 1961)
Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government

“El crecimiento económico está condicionado por el esfuerzo de la imaginación y el ahorro hecho por los hombres, con la esperanza de verse recompensados en el futuro. Cuanto más inciertos sean los rendimientos futuros y más pueden ser gravados por el fisco, menos creación de riqueza se produce”.

Pascal Salin
n. 16 de mayo, 1939

“Natural selection’s invisible hand created the structure of the human mind, and the interaction of these minds is what generates the invisible hand of economics.”

Leda Cosmides
Doctor honoris causa en Ciencias Sociales, mayo 2019
n. 9 de mayo, 1957

“Individual organisms are best thought of as adaption-executers rather than fitness-maximizers.”

John Tooby
Doctor honoris causa en Ciencias Sociales, mayo 2019

“Todo el mundo está de acuerdo en la actualidad, incluso los defensores del socialismo, en reconocer que una sociedad desarrollada no puede prescindir de ese instrumento de comunicación de masas que constituye el sistema de precios”.

Henri Lepage
(n. 21 de abril, 1941)

“In every society, conflicts of interest among the members of that society must be resolved. The process by which that resolution (not elimination!) occurs is known as competition.”

Armen Alchian
(born April 12, 1914)
“Some Economics of Property Rights”

“We must keep in mind that freedom, in the broadest and highest sense, has never been a bequest; it has been a conquest.”

“En el mercado, las reglas justas incluyen el derecho a la propiedad y su transferencia voluntaria, y el derecho a realizar intercambios pacíficos y voluntarios. Si se protegen estos derechos, cualquier resultado es justo, incluyendo el resultado de que algunas personas serán muy ricas y otras serán muy pobres”.

Walter Williams
(n. 31 de marzo, 1936)

“Tenemos que saber aprovechar nuestra libertad de expresión, mientras la tenemos”.

Jhanisse Vaca-Daza
College Freedom Forum, 2019

“We wanted to live like a human being, and that’s why we took great risks to go to South Korea or to America.”

“De una u otra forma, los países ricos han transferido a los países pobres todo tipo de recursos, excepto el intangible: las claves del desarrollo”.

Álvaro Vargas Llosa
(n. 18 de marzo, 1966)

“No hay ningún motivo para que el contribuyente le pague a un acreedor subordinado de la banca el 100% de su deuda, si ha invertido mal y se ha equivocado tiene que perder . . . eso es capitalismo, capitalismo no es: cuando gano, gano y cuando pierdo, me rescatan”.

Juan Ramón Rallo
(n. 13 de marzo, 1984)

“Even if I´d lost money, I would be happy going home knowing that I´d traded the way I wanted to trade.”

Mark Spitznagel
(born March 5, 1971)

“The best way to deal with any economic problem is to let the market work it through.”

Marc Faber
(born February 28, 1946)

“Los precios son simples fenómenos accidentales, síntomas de la equiparación económica entre las economías humanas”.

Carl Menger
(n. 23 de febrero, 1840)

“La inteligencia está basada en lo eficiente que las especies se vuelven al hacer las cosas que necesitan para sobrevivir”.

Charles Darwin
(n. 12 de febrero, 1809)

“Capital formation is the greatest charity of all.”

Floyd A. Harper
(born February 7, 1905)

“Innovar a través de las ideas y generar un espacio de diálogo que ayude a resolver algunos de los problemas de nuestra vida cotidiana. Ser creativos y eficaces en las propuestas generadas. Atreverse a cambiar el mundo”.

Eduardo Fernández Luiña
Lección inaugural, enero 2019

“Gains from trade arise when demanders and suppliers come together in markets, each bringing something different, to find a common interest in exchange.”

Tyler Cowen
(born January 21, 1962)
Creative Destruction: How Globalization Is Changing the World´s Cultures

“Progress through trial and error depends not only on making trials, but on recognizing errors.”

Virginia Postrel
(born January 14, 1960)

“Liberty consists in the division of power. Absolutism, in concentration of power.”

John E. Dalberg-Acton (1st Baron Acton)
(born January 10, 1834)

"The State, in short, subjects people, whereas Society associates them voluntarily."

Felix M. Morley
(born January 6, 1898)

"El capital no es una cantidad de dinero que alguien posee. El capital es todo aquello que hace fructífero el esfuerzo e ingenio humano".

Manuel F. Ayau
(n. 27 de diciembre, 1925)
"El anti-capitalismo"

"My impression is that progress, if there will be progress, will need time. But we must not consider words which if interpreted literally might induce pessimism as barring future developments."

Antonio Martino
(born December 22, 1942)

“Llamamos empresario a una cuarta figura, cuyo papel consiste en tomar en arriendo la tierra del terrateniente, las facultades personales del trabajador y los bienes de capital del capitalista, para combinar los tres servicios productivos en la agricultura, la industria o el comercio”.

“La división del trabajo, el intercambio de bienes, la economía, en una palabra, no es producto de la elucubración de una mente humana, no es fruto de la sabiduría o prudencia de ningún hombre; es consecuencia de la misma naturaleza humana y resultado de incontables decisiones tomadas por innumerable cantidad de personas”.

“Like a post office, a central bank does useful things. That fact that it does useful things does not make either institution efficient, at least not in its present-day form as a government agency.”

“Promover el libre comercio es una forma práctica de fomentar el Estado de derecho y la protección de la propiedad privada”.

Gerald P. O´Driscoll
“Derechos de propiedad, la clave del desarrollo económico”
Doctor honoris causa en Ciencias Sociales

“La educación es la variable más importante para seguir adelante, y los padres deben velar por sus hijos, para que se eduquen y puedan progresar”.

Manuel Guillermo Herrera-Aceña
“Conozca al doctor que enseñó a los hospitales de Boston cómo atender a pacientes latinos”
Doctor honoris causa en Ciencia

“International trade in labor, immigration or emigration, differs in one important way from goods and services trade: goods and services that move across borders cannot vote, protest, riot, or otherwise impact the public policies of the countries they move to, but immigrants can.”

“La beneficencia fue privada antes de ser pública, y una vez liberada la productividad de la pesadilla de la inflación política, la sociedad benefactora podría fácilmente reemplazar al Estado benefactor”.

John Chamberlain
(n. 28 de octubre, 1903)
Las raíces del capitalismo

“In this country we find it very difficult to talk about anything related to race, gender or religion – but that has to change.”

“The market economy is like a giant jigsaw puzzle in which each piece represents a unique unit of capital. When the system is allowed to operate without government intervention, the profit-and-loss motive tends to bring the pieces together in a complementary way to form a harmonious mosaic.”

“Every right is married to a duty, every freedom owes a corresponding responsibility.”

Russell Kirk
(born October 19, 1918)
Redeeming the Time

“In a world of scarce resources, globalization without new technology is unsustainable.”

Peter Thiel
(born October 11, 1967)
Zero to One

“Nuestros colegas de la Sociedad Mont Pèlerin consideran la Universidad Francisco Marroquín como un caso excepcional, único en el mundo, lo cual nos da mucho orgullo, dado que esa sociedad está formada por una élite de pensadores de la escuela filosófica que compartimos”.

Manuel F. Ayau
Mis memorias

“Es probable que si no hubiese existido la Sociedad Mont Pèlerin, la idea de fundar una universidad se habría descartado al existir ya cuatro en nuestro país. El contacto con esas personas del mundo académico nos hizo más conscientes de que la crisis intelectual de nuestro tiempo, principalmente en las universidades, era mundial”.

Manuel F. Ayau
Mis memorias

“Que Dios nos ayude a formar hombres, / hombres limpios y sin antifaz, / que vivan una vida sin sombras, / y que sepan decir la verdad. / Que hagan parábolas de su conducta / y llenen de actos nobles su parquedad. / Que con manos diligentes siembren el árbol del pan, / y fecundos, fuertes y jóvenes, / les baste su propio afán. / Que busquen siempre la verdad, / manteniendo siempre su humildad”.

Alberto Velásquez
Poeta guatemalteco,
citado por Manuel F. Ayau el 15 de enero de 1972.

“Si antes el valor radicaba en el volumen de los conocimientos adquiridos —un stock de conocimiento, eminentemente algo estático— ahora lo que tiene valor es la participación en la creación de un nuevo conocimiento, algo que es eminentemente dinámico”.

Giancarlo Ibárgüen
Discurso de aceptación del Premio Juan de Mariana 2011

“Lo único que cuenta es el innovador, el que disiente, el que proclama cosas que nadie ha oído antes, el hombre que rechaza los estándares tradicionales y busca sustituir los viejos valores e ideas por otros”.

Ludwig von Mises
La acción humana

“The free market creates more wealth and opportunities for more people than any other economic model.”

Mark R. Levin
(born September 21, 1957)
Liberty and Tyranny: A Conservative Manifesto

“Prices don´t merely reflect what people think things ought to cost today; they also reflect what people expect items to cost tomorrow.”

Amity Shlaes
(born September 10, 1960)

“The universe moves in the direction of Liberty.”

Michael Novak
(born September 9, 1933)

“La distribución desigual de la riqueza del mundo se debe a la distribución desigual del capitalismo”.

“Inflation consists of subsidizing expenditures that give no returns with money that does not exist.”

Jacques Rueff
(born August 23, 1896)
The Age of Inflation

"Leaders who believe in economic freedom but not civil liberty, or civil liberty but not economic freedom, are enemies of societal integrity."

John A. Allison, IV
(born August 14, 1948)

“People are like hummingbirds in their attempts to use environmental resources. But unlike hummingbirds, people are able to build institutions that take the edge of the frantic commons behavior.”

Bruce Yandle
(born August 12, 1933)
Common Sense and Common Law for the Environment: Creating Wealth in Hummingbird Economy

“Environmental problems are ultimately issues of scarce resources, and the most equitable and efficient approach to allocating scarce resources is through markets and private property.”

Christopher DeMuth, Sr.
(born August 5, 1946)

“La libertad es una necesidad; la primera necesidad del hombre, si no en urgencia, por lo menos en importancia. La libertad es el pan del espíritu”.

Salvador de Madariaga
(n. 23 de julio, 1866)
“De la angustia a la libertad”

“A decir verdad, el más revolucionario agente de cambio es el capitalismo”.

“Man is too weak to assure his preservation and to develop his life if he stands as an isolated individual. The impulse to self-preservation and to further development‒the egoistic interest that grows from an appreciation of weakness‒leads to social organization.”

Friedrich von Wieser
(born July 10, 1851)
“Theory of Social Economy”

“The evolution of money made possible the rapid adaptation of the individual’s and community’s resources to new conditions.”

Mario J. Rizzo
(born July 6, 1948)
“The Economics of Time and Ignorance”

“Profits emerge from the price differentials for a single product in a single market at a single moment in time.”

Mario J. Rizzo
(born July 6, 1948)
“The Economics of Time and Ignorance”

“When societies are divided, the integrity of law is better preserved if morality is kept out‒and the state as well.”

“Plan and Market are not reconciled. On the contrary, each sets off a series of unintended and mutually antagonistic consequences.”

“I will not surrender responsibility for my life and my actions.”

J. Enoch Powell
(born June 16, 1912)

“I maintain that the free-market solution involves voluntary choices of individuals within an environment of free entry, property rights, and a legal system.”

Mark Thornton
(born June 7, 1960)
“The Economics of Prohibition”

“La mayoría de las personas no acude al sector extralegal para evitar pagar impuestos, sino porque la ley vigente, aun la mejor redactada, no atiende a sus necesidades o aspiraciones”.

“La mayoría de las personas no acude al sector extralegal para evitar pagar impuestos, sino porque la ley vigente, aun la mejor redactada, no atiende a sus necesidades o aspiraciones”.

Hernando de Soto
n. 3 de junio, 1941
El misterio del capital: ¿Por qué el capitalismo triunfa en occidente y fracasa en el resto del mundo?

“El capital es la savia del sistema capitalista, el cimiento del progreso, e irónicamente es justo aquello que los países pobres del mundo parecen no poder producir, no importa con cuánto afán su gente practique todas las demás actividades que definen a una economía capitalista”.

“En la libertad individual, que solo tiene por límite el derecho de los demás, esta fundada la organización de una sociedad más justa, con más oportunidades, con transparencia, con prosperidad, pero sobre todo con responsabilidad”.

Armando Valladares
n. 30 de mayo, 1937
Discurso de Armando Valladares durante el acto en honor de los graduandos distinguidos, octubre 2017

“Deflation is a drastic reduction of the quantity of money or of money substitutes, and it entails a precipitous decline of money prices.”

“The hallmarks of a libertarian society are private property and the freedom to trade and associate with whomever we wish.”

“La libertad se parece mucho a la buena salud; la gente tiende a no apreciarla hasta que la pierde”.

Dwight R. Lee
Doctor honoris causa en Ciencias Sociales, mayo 2018
"Mercados y libertad"

“Algunos países en transición no han comprendido la importancia del Estado de derecho. Esto ha sido un error grave”.

“Todas las estructuras políticas son formas de violencia”.

Max Weber
n. 21 de abril, 1864

“I’m willing to stick my neck out and say that we should have separation of school and state, just like separation of religion and state, and that government should just get out of the business and leave it to customers and charity to handle it.”

“Both bad driving and bad voting are dangerous not merely to the individual who practices them, but to innocent bystanders.”

"El estado natural es la pobreza. Lo que tiene causas es la riqueza, porque la riqueza no es natural, es el producto de la civilización, es consecuencia del trabajo, del esfuerzo, de la imaginación, de la responsabilidad de las personas. La causa central de la riqueza es el trabajo individual, la responsabilidad individual".

“Los que apoyamos la libertad, el gobierno limitado y el Estado de Derecho nunca triunfaremos en la arena pública si no logramos convencer a los demás, de forma contundente, de que los mercados libres y el intercambio voluntario son inherentemente más justos que otras formas de organización social”.

Walter Williams
n. 31 de marzo, 1936

“La libertad no es el estado normal de los asuntos de la humanidad. La libertad es frágil”.

Walter Williams
n. 31 de marzo, 1936
"Justicia social"

“El hombre es hijo de su pasado más no su esclavo, y es padre de su porvenir”.

Viktor Frankl
n. 26 de marzo, 1905

“Los impuestos son una extorsión, un método bárbaro y una violenta violación de la libertad humana”.

“Personal participation is the universal principle of knowing.”

Michael Polanyi
(born March 11, 1891)

“Lo glorioso de la raza humana es que cada persona es única, el hecho de que toda persona, aunque similar de muchas formas a otros, posee una personalidad propia completamente individualizada”.

“A government does not, in general, just go about the world doing good. It has to be pushed into it.”

Gordon Tullock
(born February 13, 1922)
“Rent Seeking: The Problem of Definition”

"If humans aren’t smart enough to run their own lives, why should we believe that there are humans smart enough to run the lives of others?"

"La globalización es el chivo expiatorio de los inútiles".

Jean François Revel
n. 19 de enero, 1924

“To say that majorities, as such, have a right to rule minorities, is equivalent to saying that minorities have, and ought to have, no rights, except such as majorities please to allow them.”

Lysander Spooner
(born January 19, 1808)
No Treason (volume 1)

“Tengo la convicción de que la paz social es imposible donde se pretenda imponer un criterio, aun cuando se trate de justificar la coerción aduciendo que las diferencias de opinión son en sí mismas la causa de los conflictos”.

Manuel F. Ayau
n. 27 de diciembre, 1925
“Discurso inaugural”

“En el caso de los déficits presupuestarios del gobierno, nosotros teníamos grandes déficits; ustedes también. Nuestros problemas de déficit requirieron un enfoque serio de responsabilidad fiscal, como lo necesitan ustedes. Por supuesto, los países son diferentes, las culturas son diferentes, las constituciones políticas son diferentes, pero no son las diferencias las que dominan”.

“No hay que olvidar que el déficit puede reducirse y finalmente anularse por dos caminos: disminuyendo el gasto o aumentando los ingresos. Para mí está claro que el primer camino es el bueno”.

"Para evitar el daño irreparable, el presupuesto debe balancearse lo antes posible y no solo en cuestiones superficiales. El equilibrio debe conseguirse mediante el recorte del gasto imprudente y no mediante la subida de la carga impositiva que socava los incentivos y la producción".

Henry Hazlitt
n. 28 de noviembre, 1894

"Market competition is the only form of organization which can afford a large measure of freedom to the individual."

Frank H. Knight
(born November 7, 1885)
Freedom and Reform

“Official aid is more likely to retard development than to promote it.”

Peter T. Bauer
(born November 6, 1915)

"Money is impersonal. And that is its great virtue. The evolution of money has facilitated impersonal transactions and thus has vastly expanded our ability to exchange at low cost with people all over the globe."

"Never allow the government―or anyone else―to tell you what you can or cannot believe or what you can and cannot say or what your conscience tells you to have to do or not do."

Armando Valladares
Doctor honoris causa en Ciencias Sociales, noviembre 2017
Palabras de agradecimiento al recibir la Medalla de Canterbury, 2016.

“El socialismo es la filosofía del fracaso, el credo a la ignorancia y la prédica a la envidia; su virtud inherente es la distribución igualitaria de la miseria”.

Winston Churchill
Conferencia Unionista de Escocia en Perth, 28 de mayo de 1948
100 años de la Revolución bolchevique, desde la perspectiva de los derechos humanos

“El verdadero objetivo de la propaganda totalitaria no es la persuasión, sino la organización: ‘la acumulación de poder sin la posesión de los medios de violencia’”.

Hannah Arendt
Los orígenes del totalitarismo
100 años de la Revolución bolchevique, desde la perspectiva de los derechos humanos

“El éxito aplastante de sociedades como la norteamericana, comparadas con las comunistas, se debe, en gran medida, a las inmensas posibilidades de actuación que tienen los individuos creativos donde existen libertades individuales e instituciones que favorecen el talento excepcional”.

Carlos Alberto Montaner
“El totalitarismo y la naturaleza humana: Cómo y por qué fracasó el comunismo”, Madrid, 21 de febrero del 2005
100 años de la Revolución bolchevique, desde la perspectiva de los derechos humanos.

“La política social nunca debería sustituir al mercado libre”.

Wilhelm Röpke
n. 10 de octubre, 1899

“The issue is always the same: the government or the market. There is no third solution.”

Ludwig von Mises
(born September 29, 1881)
Planned Chaos

“Las políticas regulatorias que limitan el intercambio comercial también retrasan el progreso económico”.

James Gwartney
n. 28 de septiembre, 1940
Economía del sentido común

“Love locally, trade globally.”

Russell Roberts
(born September 19, 1954)
How Adam Smith can Change your Life: An Unexpected Guide to Human Nature and Happiness.

“La libertad es contagiosa; uno siempre quiere más”.

Yoani Sánchez
n. 4 de septiembre, 1975

“El mercado es el conjunto de personas que compiten para cooperar”.

"Deficit spending means deliberately living beyond one’s income, creating demand for money without a supply—or as far as the government is concerned, spending without collecting—in all cases getting something for nothing."

Jacques Rueff
(born August 23, 1896)
The Age of Inflation

“A private banking system is fundamentally less risky than a centrally managed banking system.”

John A. Allison, IV
(born August 14, 1948)

“In economics, the substance of 'spontaneous' is liberty. Liberty means freedom from others messing with your stuff, including yourself, your person.”

"El comercio es naturalmente enemigo natural de todas las pasiones violentas... hace a los hombres independientes, les da una alta idea de su valor individual, los conduce a realizar sus propios negocios y les enseña a lograr buenos resultados; los dispone para la libertad y los aleja de las revoluciones".

Alexis de Tocqueville
n. 29 de julio, 1805
La democracia en América

“Capitalism makes people unequally rich. Communism makes people equally poor.”

Thomas L. Friedman
(born July 20, 1953)
The Earth is Flat: A Brief History of the Twenty-first Century

“The very essence of economic entrepreneurship is a high degree of freedom of private initiative.”

Samuel Gregg
(born July 16, 1969)
The Commercial Society: Foundation and Challenges in a Global Age

"Privatization is the best solution to corruption."

“No power granted to the state goes unabused.”

"A humane and just society depends on a variety of properly ordered institutions—political, economic, moral, cultural. One part of those institutions is, I believe, a properly functioning market economy that enables and encourages honorable business, which is characterized by mutually voluntary cooperation that creates genuine value—that is, that makes people’s lives better off."

" . . . Private property is the necessary outcome of the nature of man’s relationship to the items around him."

Douglas J. Den Uyl
(born June 11, 1950)

"Corruption is a cost of government intervention."

"In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the 'cancer' that’s irretrievably eroding market economies of private property."

Maurice Allais
(born May 31, 1911)
La crise mondiale d'aujourd'hui. Pour de profondes réformes des institutions financières et monétaires

“The key thing to remember about free market capitalism is that it is a system of voluntary exchange; buyer and seller agree to an exchange because they think it is their mutual benefit.”

“The twentieth century has been the century of omnipotent government."

Jörg Guido Hülsmann
(born May 18, 1966)
Deflation and Liberty

"Why should antitrust laws be used to block mergers that the market, by the existence of willing buyers and sellers, shows to be desirable?"

"The more an institution depends on local laws, customs, or language, the less socially scalable it is."

Nick Szabo
"Money, Blockchains, and Social Scalability"
Doctor honoris causa UFM
Abril 2017

“. . . el mérito principal de la Mont Pèlerin consiste en haber mantenido viva la llama de las ideas de la libertad, aun en los tiempos en que las ideologías del intervencionismo no habían mostrado todavía sus miserias y parecían coincidir con el 'sentido común' de las mayorías”.

Odemiro Fonseca
Crónica de unos liberales impenitentes: The Mont Pèlerin Society
10 de abril de 1947, fundación de la Mont Pèlerin Society

"The message from history is so blatantly obvious—that free trade causes mutual prosperity while protectionism causes poverty—that it seems incredible that anybody ever thinks otherwise. There is not a single example of a country opening its borders to trade and ending up poorer."

Matt Ridley
The Rational Optimist
Doctor honoris causa UFM
abril 2017

“La corrupción es un efecto del alto costo de la legalidad”.

“Al hombre se le puede arrebatar todo, salvo una cosa: la última de las libertades humanas —la elección de la actitud personal ante un conjunto de circunstancias— para decidir su propio camino. [...] Es esta libertad espiritual, que no se nos puede arrebatar, lo que hace que la vida tenga sentido y propósito”.

“La devaluación es la forma más tonta de pretender ser competitivo, porque consiste en hacerse daño uno mismo. En teoría, cuando uno devalúa la moneda, exporta más y se hace más rico. En realidad importa menos, porque las importaciones se vuelven caras”.

Álvaro Vargas Llosa
n. 18 de marzo, 1966
El delirio y el dinero

“La ausencia de libertad siempre degenera, de manera inexorable, en depresión moral y económica. Todo lo que no sea auténtica libertad son cantos de sirena”.

“It´s not about electing the right people. It´s about narrowing their responsibilities.”

John Stossel
(born March 6, 1947)
No, They Can't: Why Government Fails-But Individuals Succeed

“War has been a part of my life since I can remember. I was born in Afghanistan, just six months after the Soviets invaded, and even though I was too young to understand what was happening, I had a deep sense of the suffering and the fear around me.”

“Los totalitarismos son altamente susceptibles a la más mínima presión, porque no están acostumbrados al debate”.

“If you haven´t lived under an authoritarian regime, it´s very hard to understand what it´s like.”

“De todos los sistemas políticos-económicos conocidos, el capitalismo democrático es el que más concuerda con la visión cristiana de un ser humano de dignidad infinita. Reivindicar la moralidad del capitalismo democrático es nuestra mejor estrategia para aliviar el sufrimiento de la humanidad y elevar al hombre a la dignidad que le corresponde, como hijo de Dios”.

Michael Novak
n. 9 de septiembre, 1933
Una visión cristiana del capitalismo democrático

“Si la miseria de los pobres no es causada por las leyes de la naturaleza, sino por nuestras instituciones, grande es nuestro pecado”.

Charles Darwin
n. 12 de febrero, 1809
El origen de las especies

"The entrepreneur will not be able to make an 'excessive profit' under free competition because otherwise another entrepreneur could be cheaper and would be able to take away work from him."

“If I had to use a single word to describe what is fundamentally wrong with government today, I would use the word fraud.”

Robert Higgs
(born February 1, 1944)

“Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.”

Tyler Cowen
(born January 21, 1962)

“Markets have been a blessing wherever they have been implemented and government has been a calamity wherever it has been implemented.”

Edward P. Stringham
(born January 18, 1975)
Anarchy and the Law

“Lo único que necesita el mal para triunfar en el mundo es que los hombres buenos no hagan nada”.

Edmund Burke
n. 12 de enero, 1729
En una carta enviada a Thomas Mercer

"Political and bureaucratic decisions tend to be less efficient, more wasteful, and thus less environmentally friendly."

“Y es mi convicción que quien no acepta los riesgos de la libertad corre el peor de todos los riesgos: la pérdida de la prosperidad y de la libertad”.

“Free markets are the real people’s revolution.”

Jeffrey Tucker
(born December 19, 1963)

“There is one use for capital; that is, to produce.”

Fritz Machlup
(born December 15, 1902)

“Entrepreneurs are my heroes because of their optimism. Instead of seeing problems, they see opportunities. And ‘enviropreneurs’ can give us cause to celebrate the future of our planet by finding ways to ameliorate or solve environmental problems.”

“The ‘private sector’ of the economy is, in fact, the voluntary sector; and the ‘public sector’ is, in fact, the coercive sector.”

Henry Hazlitt
(born November 28, 1894)

“Socializando el superávit de los individuos se socializa su espíritu y su creatividad; no se puede pintar la Mona Lisa permitiendo que cada pintor dé un brochazo”.

William F. Buckley, Jr.
(born November 24, 1925)
Up from Liberalism

“There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.”

P. J. O’Rourke
(born November 14, 1947)
“The Liberty Manifesto”

“Uno debe saber ser líder desde el lugar donde se ubica: ser líder siempre”.

Fernando Stein
Doctor honoris causa UFM, noviembre 2016

“Historically, liberalism is the political philosophy of individual liberty. It proclaims and insists that the individual is to be free to think, speak, and write as he wishes; to believe and worship as he wishes; and to peacefully live his life as he wishes.”

"The unanimity rule for collective choice is the political analogue to freedom of exchange of partitionable goods in markets."

James Buchanan
"The Constitution of Economic Policy"
Discurso de aceptación al recibir el Premio Nobel de Economía (1986)

"The capacity of any government to govern is reduced at the same time that the pressure for strong action grows."

Milton Friedman
"Inflation and Unemployment"
Discurso de aceptación al recibir el Premio Nobel de Economía (1976)

“La esencia de una sociedad libre son los intercambios voluntarios. Pero para que los intercambios sean voluntarios se requiere de ciertas condiciones que podemos llamar derechos básicos de los individuos. Ellos son el derecho a la vida, a la libertad y a la propiedad”.

Juan Carlos Cachanosky
n. 13 de octubre, 1953
La Escuela Austríaca de Economía: ensayos

“Ustedes están viendo cómo se construye la jaula que nosotros padecemos desde hace años. Luchen por la libertad, porque de lo contrario empezarán a esperar que alguien les lleve agua y alpiste”.

"Los monopolios no surgen por una tendencia innata del mercado, sino por la intromisión del Estado en contra del mercado libre".

Ludwig von Mises
n. 29 de septiembre, 1881
La acción humana

"To live on loot appears to be no further removed from evil than to take the loot."

“Poverty is what happens when groups of people fail to cooperate, or are prevented from finding ways to cooperate.”

“The poor have been the chief beneficiaries of modern capitalism.”

Deirdre N. McCloskey
(born September 11, 1942)
Bourgeois Dignity: Why Economics Can’t Explain the Modern World

“The poor have been the chief beneficiaries of modern capitalism.”

Deirdre N. McCloskey
(born September 11, 1942)
Bourgeois Dignity: Why Economics Can’t Explain the Modern World

"The state, as ultimate decision maker and judge, operates in a contractless legal vacuum. There exists no contract between the state and its citizens."

Hans-Hermann Hope
(born September 2, 1949)
"State or Private Law"

“Belief in capitalism is, fundamentally, belief in mankind.”

“Government rules and regulations destroy innovation and creativity.”

John A. Allison, IV
(born August 14, 1948)
The Leadership Crisis and the Free Market Cure

"Capitalism is the revolution, the liberation of creative human mind power from centuries of statism."

Andrew Bernstein
Capitalism Unbound the Incontestable Moral Case for Individual Rights

"Freedom, liberty, individual rights, that idea of dealing with other people in a matter that is not initiating force against them, is critical to me."

Jimmy Wales
(born August 7, 1966)
Fundador de Wikipedia

“There are no ambiguities about what capitalism has meant for development. If, like most people, you consider large increases in wealth, health, education, and freedom a good thing, capitalism deserves three loud cheers.”

“Parece olvidarse que el trabajo libre, en combinación voluntaria y pacífica con el capital en libertad, es lo que hace posible la liberación del ser humano de un estado natural de pobreza; y que de ésta se sale con tanta mayor rapidez, mientras menos sean estorbados en su tarea productiva el trabajo, el ahorro y la inversión”.

"El dominio completo sobre la propiedad es el objetivo de todos los gobiernos, y si aceptan las limitaciones es simplemente una táctica, ya que la admisión de cualquier control del gobierno sobre la propiedad implica el control total".

"El Estado es la gran ficción a través de la cual todo el mundo trata de vivir a costa de todos los demás".

Frédéric Bastiat
n. 30 de junio, 1801
"El Estado"

"Siempre he dicho que en momentos económicos difíciles es cuando precisamente los políticos se quieren aprovechar del descontento general para imponer su propia agenda. Y ese es el gran peligro".

“I’m for a flat tax–as long as the flat rate is zero. The object is to get rid of big government, not find a new way of financing it.”

Harry Browne
(born June 17, 1933)

“Capitalism is generally a system where only what has proved itself succeeds. If moderation is a virtue, capitalism is an example of it.”

"Private property rights encourage people to conserve resources for future use much more than any government regulation does."

Robert P. Murphy
(born May 23, 1976)
The Politically Incorrect Guide to Capitalism

“All the money the government spends has been taken directly or indirectly from the citizens. The government is not some sort of Santa Claus.”

Jörg Guido Hülsmann
(born May 18, 1966)

“Sometimes I think our central bank will keep printing money till we run out of trees.”

James B. Rogers
Doctor honoris causa UFM, mayo 2016

“If you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.”

James B. Rogers
Doctor honoris causa UFM, mayo 2016

"The development of science and technology at the beginning of our modern era was made possible precisely because procedures had been adopted that were in full contrast to those that usually result in legislation."

Bruno Leoni
(born April 26, 1913)
Freedom and Law

“The best guarantee against all exploitation is the market.”

Henri Lepage
(born April 21,1941)

"The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets."

Richard A. Epstein
(born April 17, 1943)
Why Progressive Institutions are Unsustainable

"The best social insurance is to make more progress, not to make more work."

Bryan Caplan
(born April 8, 1971)

“¿Cómo acertar? Aférrense siempre a la libertad y todo lo demás se les dará por añadidura. No capitulen, tengan fe en lo que han aprendido y en lo que les falta por aprender. Tengan fe en el hombre, aunque lo vean tambalearse, aunque lo vean caer, aunque lo vean fallar. ¡Tengan fe en el hombre!”

“Yo sí voy a seguir haciendo lo que hago, aunque me cueste la vida”.

Danilo Maldonado, "El Sexto"
"La evolución es imparable"
College Freedom Forum at UFM 2016

“How a society treats its disabled is the true measure of a civilization.”

Chen Guangcheng
College Freedom Forum at UFM 2016

"El concepto de 'derechos' sólo tiene sentido como derechos de propiedad. Pues no sólo no hay derechos humanos que no sean derechos de propiedad, sino que los primeros pierden su absolutismo y claridad, y se convierten en difusos y vulnerables, cuando los derechos de propiedad no se usan como patrón".

Murray N. Rothbard
n. 2 de marzo, 1926
La ética de la libertad

“ . . . Human rights, when not put in terms of property rights, turn out to be vague and contradictory . . .”

Murray N. Rothbard
(born March 2, 1926)
The Ethics of Liberty

"El valor de los bienes se fundamenta en la relación de los bienes con nuestras necesidades, no en los bienes mismos".

Carl Menger
n. 23 de febrero, 1840
Principios de economía política

"La energía es el más importante de los recursos naturales, porque la creación de otros recursos naturales requiere energía y porque con suficiente energía cualquier otro recurso se puede crear".

Julian L. Simon
n. 12 de febrero, 1932

“Una forma de organización económica basada en la cooperación voluntaria y en el intercambio universal de conocimientos es necesariamente superior a cualquier estructura jerárquica, incluso si en esta última existiera una evaluación racional de las capacidades de quienes tienen la voz de mando”.

“La competencia es, en rigor, el gran disolvente de los privilegios, y por eso son legión los grupos de presión que intentan, y muchas veces consiguen, limitarla”.

Carlos Rodríguez Braun
Estado contra mercado

“Defender el libre comercio, libre mercado, no es sólo una batalla que pertenece a la economía. Forma parte de la lucha por la libertad y la dignidad de las personas”.

“Freedom is important in order that all the different individuals can make full use of the particular circumstances of which only they know.”

Leonard P. Liggio
Doctor honoris causa UFM, noviembre 1990

“Cuando los gobiernos son austeros, las sociedades son prósperas”.

Esperanza Aguirre
Conferencista en el Foro Latinoamericano de la Libertad

“Mis tendencias socialistas comenzaban a esfumarse a medida que aprendía más de economía”.

Vernon Smith
n.1 de enero, 1927
"El economista experimental: Entrevista a Vernon L. Smith, Premio Nobel de Economía 2002".

"En una economía de mercado libre solo se puede hacer fortuna enriqueciendo a los demás".

Manuel F. Ayau
n. 27 de diciembre, 1925

“My own elevator pitch is pretty simple: I don’t think government can do anything helpful for us that we can’t as a community do for ourselves.”

Jeffrey Tucker
(born December 19, 1963)

“Unlimited power in the hands of limited people always leads to cruelty.”

Aleksandr Solzhenitsyn
(born December 11, 1918)
The Gulag Archipelago

"El progreso material depende, primordialmente, del desarrollo adecuado de las cualidades y actitudes humanas y de las instituciones sociales, y no de la afluencia de donaciones de dinero".

"The freedom enjoyed in Western society under the rule of law and constitutional government explains both the quality of its civilization and its wealth."

Paul Johnson
(born November 2, 1928)
"Why West is Best"

“Libertad en un régimen respetuoso del Estado de derecho no es un privilegio dado o repartido por las autoridades políticas. La libertad es un derecho individual”.

Leszek Balcerowicz
Gazeta Wyborcza

"La riqueza no es condición de la libertad, sino su resultado".

"Exchange need not to come in post factum as a corrective."

Philip Wicksteed
(born October 25, 1844)
The Common Sense of Political Economy

“With virtually no knowledge of or interest in history, the masses simply take their unprecedented high living standards under capitalism for granted.”

Ralph Raico
(born October 23, 1936)
Classical Liberalism and the Austrian School

"To abolish vice, establish virtue. To establish virtue, enshrine thought. To enshrine thought, identify its relationship to reality."

Leonard Peikoff
(born October 15, 1933)
Objectivisim: The Philosophy of Ayn Rand

"No hay en la tierra, conforme a mi parecer, contento que se iguale a alcanzar la libertad perdida".

“The free market is the most transformative of economic systems. It fosters creativity and inventiveness.”

Mark R. Levin
(born September 21, 1957)
Liberty and Tyranny: A Conservative Manifesto

“Innovation backed by liberal economic ideas has made billions of poor people pretty well off, without hurting other people.”

Deirdre McCloskey
(born September 11, 1942)
Bourgeois Dignity

“The state spends much time and effort persuading the public that it is not really what it is and that the consequences of its actions are positive rather than negative.”

Hans-Hermann Hoppe
(born September 2, 1949)
A Theory of Socialism and Capitalism

“El impuesto aduanero es un gravamen a la civilización”.

Juan Bautista Alberdi
n. 29 de agosto, 1810

“Las sociedades que esperan su felicidad de la mano de sus gobiernos esperan una cosa que es contraria a la naturaleza”.

Juan Bautista Alberdi
n. 29 de agosto, 1810
"La omnipotencia del Estado"

"El sistema de libre mercado no es la causa de los problemas ecológicos, sino es la solución".

Walter E. Block
n. 21 de agosto, 1941
"Problemas ambientales: soluciones de derecho privado"

“Freedom and the rule of law―in contrast to tyranny and the rule of politics―are humankind’s only hope for peace, prosperity, and progress. UFM is second to none among the world’s premier universities in understanding this crucial fact, and in installing in her students not only knowledge, but wisdom. It is one of the world’s genuine educational gems.”

Don Boudreaux

“Esta universidad es de por sí un milagro en esta parte del mundo, que nació pequeña y en situación muy difícil. Ha crecido, ha prosperado y ha llegado a ser una potencia importante en el mundo académico de ésta región y Latinoamérica”.

Arnold Harberger

“It is fair to say that the experience of visiting UFM far exceeded even my heightened expectations. I could not have wished for a better week, filled with ideas, convictions, stunning people and the widest variety of events. Guatemala is sitting on a huge asset in your University and in that stunning intellectual capital you are building up.”

Ruth Richardson

“La Universidad Francisco Marroquín es un ejemplo maravilloso y poco común. En pocos años se ha colocado entre las universidades líderes en América Latina, con una influencia muy importante en la región. No conozco otra historia de éxito comparable a esta”.

"Si queremos vivir alguna vez en un mundo mejor, alguien debe soñar, y soñar con una era en que no se engañe a las masas".

William H. Hutt
n. 3 de agosto, 1899

“… la globalización no es impuesta por nadie y no desemboca en una gris repetición de los mismos productos, sino que avanza, en gran medida basándose en la diferenciación de lo que se ofrece”.

Carlos Sabino
n. 24 de julio, 1944
Desarrollo y calidad de vida

“There is something fundamentally unfair about a government that takes away so much of people’s money, power, and personal control while telling them that life will be better as a result.”

Malcom Steve Forbes
(born July 18, 1947)

“Modern economic production is social. This social production may be analyzed into thousands and millions of individual establishments. Thus owners are legally independent of one another. Each man is guided by his own individual interest.”

Friedrich von Wieser
(born July 10, 1851)
Social Economics

“La autodeterminación tiene sentido, no como concepto colectivo, sino como concepto individualista”.

Leonard P. Liggio
n. 5 de julio, 1933
“El anti-imperialismo de Mises”

“Private enterprise creates; government destroys. That is the great economic lesson of our times and all times.”

Llewellyn H. Rockwell, Jr.
(born July 1, 1944)
The Left, The Right, and The State

"Freedom and responsibility aren’t interconnected things. They are the same thing."

Harry Browne
(born June 17, 1933)

“El único presupuesto bueno es el presupuesto equilibrado”.

Adam Smith
n.16 de junio, 1723
La riqueza de las naciones

"The capitalist economies have enjoyed steady improvement in environmental quality, while the totalitarian governments have been the worst desecrators of the planet."

Robert P. Murphy
(born May 23, 1976)
The Politically Incorrect Guide to Capitalism

"El progreso es el desarrollo gradual del poderío del hombre sobre la materia".

Anne Robert Jacques Turgot
n. 10 de mayo, 1727

“Saber que no se sabe constituye tal vez el más difícil y delicado saber”.

José Ortega y Gasset
n. 9 de mayo, 1883

"One of the things which makes economic analysis such a fascinating study is the fact that it is a study of human behavior."

Benjamin M. Anderson
(born May 1, 1886)
Economic and the Public Welfare: a Financial and Economic History of the United States, 1914-1946

“La creciente importancia del proceso legislativo en la era presente ha oscurecido inevitablemente, tanto el continente europeo como en los países de habla inglesa, el hecho de que la ley es simplemente un complejo de normas relativas a la conducta de las personas normales”.

Bruno Leoni
n. 26 de abril, 1913
La libertad y la ley

“Nunca he podido concebir cómo un ser racional podría perseguir la felicidad ejerciendo el poder sobre otros”.

Thomas Jefferson
n. 13 de abril, 1743

“Wealth comes from successful individual efforts to please one’s fellow man … that’s what competition is all about: 'out pleasing' your competitors to win over the consumers.”

Walter Williams
(born March 31, 1936)

“The most valuable businesses of coming decades will be built by entrepreneurs who seek to empower people rather than try to make them obsolete.”

Peter Thiel
Zero to One

“If you’re going to be an entrepreneur, you have to be the one moving the train.”

Slava Rubin

“The best way to predict the future is to create it.”

“Del mismo modo que la guerra es la consecuencia natural del monopolio, la paz es la consecuencia natural de la libertad”.

Gustave de Molinari
n. 3 de marzo, 1819

“Es fácil ser notablemente 'compasivo' cuando otros son obligados a pagar los costos”.

Murray N. Rothbard
n. 2 de marzo, 1926

“There was an Educational Revolution as well as an Industrial Revolution; and both were interrelated.”

Edwin G. West
(born February 27, 1922)
Education and the Industrial Revolution

“The restriction on immigration is a mistake: we should abolish it tomorrow and reopen the most successful attack on poverty the world has ever seen.”

David D. Friedman
(born February 12, 1945)
The Machinery of Freedom: Guide to a Radical Capitalism

“El valor no surge del trabajo, sino de los deseos que los bienes satisfacen”.

Eugen von Böhm-Bawerk
(n.12 de febrero, 1851)
Capital e interés

"El valor no surge del trabajo, sino de los deseos que los bienes satisfacen".

Eugen von Böhm-Bawerk
(n. 12 febrero 1851)
Capital e interés

“A government debt is a government claim against personal income and private property – an unpaid tax bill.”

Hans F. Sennholz
(born February 3, 1922)
Debts and Deficits

The history of paper money is an account of abuse, mismanagement, and financial disaster.

Richard Ebeling
(born January 30, 1950)
"Monetary Central Planning and the State"

“El aprendizaje es la nueva habilidad. La imaginación, creación y nuevas preguntas son el núcleo”.

“Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.”

George Reisman
(born January 13, 1937)

“The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.”

Jean Baptiste Say
(born January 5, 1767)

"Austria was successful in pushing through policies that are popular all over the world. Austria has the most impressive records in five lines: she increased public expenditures, she increased wages, she increased social benefits, she increased bank credits, she increased consumption. After all these achievements she was on the verge of ruin.”

Fritz Machlup
(born December 15, 1902)
The Comsumption of Capital

"... la intervención del gobierno en la economía retarda grandemente el crecimiento económico".

Gary S. Becker
(n. 2 de diciembre, 1930)
"Gobierno, capital humano y crecimiento económico"

"Gravar con impuestos los beneficios del trabajo equivale al trabajo forzado".

Robert Nozick
(n. 16 de noviembre, 1938)

“Austria was successful in pushing through policies that are popular all over the world. Austria has the most impressive records in five lines: she increased public expenditures, she increased wages, she increased social benefits, she increased bank credits, she increased consumption. After all these achievements she was on the verge of ruin.”

Fritz Machlup
(born December 15, 1902)
The Comsumption of Capital

“There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.”

Albert Jay Nock
(born October 13, 1870)
"Our Enemy, the State"

“Rules are an essential part of life. But making them is not necessarily a government function: they can be established through voluntary action.”

John Blundell and Colin Robinson
Regulation Without the State

“No hay en la tierra, conforme a mi parecer, contento que se iguale a alcanzar la libertad perdida”.

Miguel de Cervantes
(n. 29 de septiembre, 1547)
Don Quijote de la Mancha

A capitalism without laissez faire is meaningless: it becomes a creature of the ruling class.

Deirdre McCloskey
(born September 11, 1942)
"A Dialogue on Market Innovation and Laissez Faire"

“El espíritu del capitalismo democrático es el espíritu del desarrollo, el riesgo, el experimento, la aventura”.

Michael Novak
(n. 9 de septiembre, 1933)
El espíritu del capitalismo democrático

“Western civilization was founded on freedom, but it is doomed to disappear unless it manages to break out of the inflationary whirlpool where it is sinking relentlessly before our very eyes.”

Jacques Rueff
(born August 23, 1896)
The Age of Inflation

The real risk in the banking industry is the Federal Reserve.”

John A. Allison IV
(born August 14, 1948)
“The Financial Crisis and the Free Market Cure: A Conversation with John A. Allison”

“The freedom to fail is an important ingredient of capitalist success.”

Thomas DiLorenzo
(born August 8, 1954)
How Capitalism Saved America

“Habría amado la libertad, creo yo, en cualquier época, pero en los tiempos en que estamos me siento inclinado a adorarla”.

Alexis de Tocqueville
(n. 29 de julio, 1805)
La democracia en América

“Aquellos que nos prometen el paraíso en la tierra nunca produjeron nada que no fuera un infierno”.

Karl Popper
(n. 28 de julio, 1902)

A decir verdad, el más revolucionario agente de cambio es el capitalismo”.

Malcolm S. Forbes
(n. 18 de julio, 1947)
“Tres hurras por el capitalismo”

“Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.”

Frédéric Bastiat
(born June 30, 1801)

“La cordura no depende de las estadísticas”.

George Orwell
(n. 25 de junio, 1903)

“Es un error fatal reflexionar sobre la situación dentro de cien años con la imagen de la tecnología y la riqueza de hoy”.

Václav Klaus

(n. 19 de junio, 1941)
Planeta azul (no verde)

“There is no art which one government sooner learns of another than that of draining money from the pockets of the people.”

Adam Smith
(born June 5, 1723)
The Wealth of Nations
La riqueza de las naciones

“In the government of democracy no method of representation has yet been discovered to fulfil its historic promise of rule by the people.”

Arthur Seldon
(born May 29, 1916)
The Dilemma of Democracy

“The essence of business, as we’ve seen, is translating scientific knowledge into material wealth.”

Yaron Brook

(born May 23, 1961)
Free Market Revolution

“La empresa tiene como función, no la distribución de la riqueza existente, sino la creación de riquezas nuevas”.

Pascal Salin

(n. 16 de mayo, 1939)
La trampa de la cogestión y de participación obligatoria en las empresas

“El liberalismo es la suprema generosidad: Es el derecho que la mayoría otorga a la minoría aunque ese enemigo sea débil”.

José Ortega y Gasset

(n. 9 mayo, 1883)
La rebelión de las masas

Because knowledge is dispersed, power must be as well.

George Gilder
Knowledge and Power
Honorary doctoral degree from UFM May 2014

“Las autoridades nunca pueden saber con certeza que lo que están haciendo es de verdad lo que la gente quiere que hagan, lo mismo que la gente no puede estar nunca segura de que lo que quieren hacer no vaya a ser interferido por las autoridades, si éstas son las que dirigen todo el proceso legislativo del país”.

Bruno Leoni

(n. 26 de abril, 1913)
La libertad y la ley

“Un maestro debe tener la máxima autoridad y el mínimo poder.”

Thomas Szasz

(n.15 de abril, 1920)

Economics is social science. If we apply it narrowly to private property and business administration, we conceal its enormous applicability to sociology, political science and jurisprudence.

Armen Alchian
(April 12, 1914 – February 19, 2013)

“Si no queremos pisotear las leyes de la naturaleza, es necesario que el valor legal de la moneda no se diferencie del natural. Lo contrario sería un negocio escandaloso. ¿Quién no diría que eso sería un robo?”.

Juan de Mariana

(n. 2 de abril, 1536)

“… cuanto más «planifica» el Estado, más difícil se le hace al individuo su planificación”.

Friedrich Hayek

Celebración de los 70 años de Camino de servidumbre

“Aquellos que valoran la vida humana y desean que se viva bien deben apoyar al avance hacia una sociedad libre”.

Tibor Machan

(n. 18 de marzo, 1939)

“Discovery comes only to a mind immersed in its pursuit.”

Michael Polanyi

(born March 11, 1891)

“ El comunismo de la seguridad es la piedra angular del antiguo edificio de la esclavitud. La producción de la seguridad debe, por el interés de los consumidores de este bien inmaterial, permanecer sometida a la ley de la libre competencia”.

Gustave de Molinari

(n. 3 de marzo, 1819)

“You don’t need a treaty to have a free trade.”

Murray N. Rothbard

(born March 2, 1926)

“The value of goods arises from their relationship to our needs and is not inherent in the goods themselves.”

Carl Menger
Principles of Economics
(born February 23, 1840)

“La más fuerte de las especies no es la que sobrevive ni tampoco la más inteligente. Es aquella que mejor se adapta al cambio”.

Charles Darwin
n.12 de febrero, 1809

El origen de las especies

“Nobody ever got rich producing for the rich.”

Joseph A. Schumpeter
(born February 8, 1883)

“El estatismo sobrevive saqueando; un país libre sobrevive por la producción”.

Ayn Rand
n. 2 de febrero, 1905

“My view of the internet is that it is way overrated in what it’s done to date but considerably underrated in what it will do.”

Tyler Cowen

(born January 21, 1962)

“La Universidad debiera insistirnos en lo antiguo y en lo ajeno. Si insiste en lo propio y lo contemporáneo, la Universidad es inútil, porque está ampliando una función que ya cumple la prensa”.

Nobody in their right mind, except perhaps an unrecoverable masochist, would voluntarily consent to be treated as indeed the government treats its citizens.”

“Que el intercambio libre sea tan poco comprendido y apreciado constituye, sin duda, una de las principales causas de la pobreza que todos lamentamos”.

“El opio del pueblo es la expansión crediticia”.

“La libertad proporciona, dentro de ciertos límites, el máximo de utilidad; por tanto, las causas que la perturban constituyen un obstáculo a ese máximo y deben, sean cuales sean, ser suprimidas siempre que sea posible”.

Léon Walras

n. 16 de diciembre, 1834

“La buena filosofía empieza con el dudar y no termina nunca”.

Ferdinando Galiani

n. 2 de diciembre, 1728

“La libertad es buena en sí misma y nos hace ricos, mientras que el colectivismo mezcla la esclavitud con la pobreza”.

George Gilder

n. 29 de noviembre, 1939
Riqueza y pobreza

“You can't satisfy everybody; especially if there are those who will be dissatisfied unless not everybody is satisfied.”

Robert Nozick

(born November 16, 1938)
A Framework for Utopia

“La propiedad pública del subsuelo genera un desincentivo en el propietario de la superficie. Para él, la fuente de riqueza se limita a las explotaciones agropecuarias o industriales que pudiera hacer en la superficie”.

Guillermo M. Yeatts
Doctor honoris causa UFM noviembre 2013

“El dinero en el siglo XXI seguramente demostrará ser tan distinto del actual como el dinero del siglo presente lo es en relación al dinero del siglo anterior”.

Jerry L. Jordan
Los gobiernos y el dinero Doctor honoris causa UFM noviembre 2013

“Una sociedad de ovejas engendra con el tiempo un gobierno de lobos”.

Bertrand de Jouvenel

n. 31 de octubre, 1903

“The modern investigations into the theory of value have already given us the lead we require. Indeed the law of exchange value is itself the law of distribution of the general resources of society.”

Philip Wicksteed

(born October 25, 1844)

“It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of its own.”

Albert Jay Nock

(born October 13, 1870)

“It is the interaction between institutions and organizations that shapes the institutional evolution of an economy. If institutions are the rules of the game, organizations and their entrepreneurs are the players.”

Douglass C. North
En 1993 se le otorgó el Premio Nobel de Economía, compartido con Robert W. Fogel.

“Gold and silver have been introduced into commerce as a convenient means for exchanges; it is not by whim that they have been given a value.”

Étienne Bonnot de Condillac
(born September 30, 1715)
Commerce and Government, Considered in Their Mutual Relationship

“If history could teach us anything, it would be that private property is inextricably linked with civilization.”

Ludwig von Mises
(born September 29, 1881)
Human Action

"Debe observarse que el precio se considera justo o injusto no con base en la naturaleza de las cosas en sí mismas –lo que llevaría a valorarlas por su nobleza o perfección–, sino en cuanto sirven a la utilidad humana; pues en esa medida las estiman los hombres y tienen un precio en el comercio y en los intercambios ".

Luis de Molina
n. Septiembre, 1535

“Freedom is tied to risk and responsibility.”

Michael Novak
(born September 9, 1933)
The Fire of Invention

“Repeated reflection and inquiry have led me to the somewhat novel opinion, that value depends entirely upon utility.”

William Stanley Jevons
(born September 1, 1835)

“We are like chameleons, we take our hue and the color of our moral character, from those who are around us.”

John Locke
(born August 29, 1632)

“Inflation destroys not only the present but also the future.”

Jacques Rueff
(born August 23, 1896)
The Age of Inflation

“One of the major insights that Hayek had was about the use of information in an economy. His view was that [it is more efficient] to push the decision making out to the end points, to the participants. This is the way Wikipedia functions.”

Jimmy Wales
(born August 7, 1966)

“The free market is color blind and race blind.”

William H. Hutt
(born August 3, 1899)
Individual Freedom

"Al considerar el precio de un bien no debemos atender a su coste original, ni a su coste en términos de trabajo, sino sólo a su valor corriente en el mercado".

Diego de Covarrubias y Leyva
n. 25 de julio, 1512

“Give me a fruitful error anytime, full of seeds, bursting with its own corrections.”

Vilfredo Pareto
(born July 15, 1848)

"La naturaleza no ha hecho nada igual, cada elemento es único y por ende posee características peculiares. No hay dos átomos, ni dos moléculas que sean idénticas una a la otra. No existen dos individuos iguales, ni siquiera resulta con las mismas características el mismo individuo en dos instantes de su vida; el hombre es diferente cuando nace de cuando muere".

Alberto Benegas Lynch
n. 11 de julio, 1940

"El proteccionismo es una violación, amparada por la ley, del derecho de propiedad".

Frédéric Bastiat
n. 30 de junio, 1801
La ley

“Money will never disappear; it will merely change its shape; that is the reality."

Alan Walters
(born June 17, 1926)
Monetary Myths, Freedom, and Reality

"Cualquiera que sea la causa de la simpatía, cualquiera que sea la manera en que sea generada, nada nos agrada más que comprobar que otras personas sienten las mismas emociones que laten en nuestro corazón y nada nos disgusta más que observar lo contrario".

Adam Smith
n. 5 de junio, 1723
Teoría de los sentimientos morales

“The state economy maximizes individual frustration; and the market minimizes it."

Arthur Seldon
(born May 29, 1916)
Government Failure and Over-Government

“Socialism destroys all property rights. And with them it destroys the operation of the profit motive and the entire price system."

George Reisman
The Government against the Economy
Honorary doctoral degree
from UFM May 2013

“No hay mercado sin un orden, el del Estado de Derecho".

Carlos Rodríguez Braun
n. 1948
Estado contra mercado
Doctor honoris causa UFM Mayo 2013

“The triumph of the market has launched us into a new age: the Age of the Entrepreneur."

Dinesh D’Souza
(born April 25, 1961)
The Virtue of Prosperity

“There must be no compensation or protection against economic losses sustained through the operation of competitive markets. It is a principle that is widely acknowledge and violated in practice."

Richard Epstein
(born April 17, 1943)
Free Markets Under Siege

“With private property, two persons may exchange rights to goods on whatever terms they mutually accept."

Armen Alchian
(born April 12, 1914)
Property Rights and Economic Behavior

“Cuando un asno es de muchos, los lobos se lo comen".

Juan de Mariana
n. 2 de abril, 1536

“La UFM no es una universidad con jardines bellos; es una universidad en un jardín".

Donald Livingston

“The rights to life and to private property, and thus the corresponding free market system, need to be respected in order for people to lead very different lives in peace."

Tibor Machan
(born March 18, 1939)
Capitalism and Individualism

“The two main principles underlying the process of free discussion are fairness and tolerance."

Michael Polanyi
(born March 11, 1891)

“Property and liberty are the two aspects or two constituents of sovereignty."

Gustave de Molinari
(born March 3, 1819)

"El dinero no es una invención estatal ni el producto de un acto legislador".

Carl Menger
n. 23 de febrero, 1840
Principios de economía política

“The world’s problem is not too many people, but lack of political and economic freedom."

Julian Simon
(born February 12, 1932)

"El medio más prometedor para conseguir y garantizar toda prosperidad es la competencia".

Ludwig Erhard
n. 4 de febrero, 1897
Bienestar para todos

"Pongo en práctica nuevas ideas".

"Vivo una vida coherente con mis principios y mis valores morales".

“An enterprise system is a system of voluntary contract. Neither fraud nor coercion is within the ethics of the market system. Indeed there is no possibility of coercion in a pure enterprise system because the competition of rivals provides alternatives to every buyer or seller."

George J. Stigler
(born January 17, 1911)
The Intellectual and Market Place

"Cuestiono lo establecido, para buscar la verdad".

“El ahorro, la inversión, la capacitación y la innovación llevan a una mayor productividad, a mayores salarios reales y al crecimiento económico".

Luis Pazos

“Convierto los problemas en oportunidades".

“People need self-respect, but self respect must be earned – it cannot be self-respect if it’s not earned – and the only way to earn anything is to achieve it in the face of the possibility of failing."

Charles Murray
(born January 8, 1943)

“It is with the rent, interest, and wages, which form the profits resulting from this production, that the producers buy the objects of their consumption."

Jean Baptiste Say
(born January 5, 1767)

"La recesión es el caldo de cultivo en que resurgen las propuestas de proteccionismo comercial, intervención en los mercados, incremento del déficit público, y regulación de la economía".

Jesús Huerta de Soto
Dinero, crédito bancario y ciclos económicos
n. 23 de diciembre, 1956

“The free-trade idea had been the chief ideological support of the antipatent movement: patent protection had been attacked along with tariff protection".

Fritz Machlup
(born December 15, 1902)

La condición de empresario no nace del hecho de arriesgar fortuna, sino del de arriesgar acierto. Por ello, es justo señalar que el empresario puro no se mueve, a fin de cuentas, por el afán de lucro, sino por el afán de logro, aunque el logro, generalmente hablando, haya que medirlo por el beneficio alcanzado.

Rafael Termes
Desde la libertad
n. 5 de diciembre, 1918

“If Ed Meese is not a good man, there are no good men.”

Ronald Reagan
(Edwin Meese III born December 2, 1931)

“Los hombres son libres: los hombres son iguales ante la ley. Ningún hombre es dependiente de otro hombre: ningún hombre es obligado a otro hombre, sino cuando él mismo ha querido obligarse”.

José Cecilio del Valle
n. 22 de noviembre, 1777

“The value payoff is a product that delivers greater satisfaction to a customer at lower cost and with reduced capital requirements.”

Joel Stern
Honorary doctoral degree
from UFM November 2012

“As my dad said, you have an obligation to leave the world better than how you found it. And he also reminded us to be givers in this life, and not takers.”

Philip Crane
(born November 3,1930)

“El poder se convierte en la esencia de la acción política y en el centro del pensamiento político cuando es separado de la comunidad política a la que debería servir”.

Hannah Arendt
n. 14 de octubre, 1906
Los orígenes del totalitarismo

“Siempre he pensado que las reformas y los desafíos, las decisiones y los proyectos, tienen su momento. En esto no hay misterio alguno. Haced vuestra obra a tiempo, dice el Evangelio”.

José Piñera
El cascabel al gato: la batalla por la reforma previsional
n. 6 de octubre, 1948

“The fundamental social phenomenon is the division of labor and its counterpart, human cooperation.”

Ludwig von Mises
Human Action
First published in English, September 1949
By Yale University Press

“To know oneself is to disbelieve utopia.”

Michael Novak
(born September 9,1933)

“Our conviction is that truth is real, and cannot fail to be recognized by all who sincerely seek it. A free society is an organization of its members consciences for the fulfillment of their obligation to the truth.”

“Economics is not a dry subject. It is not a dismal subject. It is not about statistics. It is about human life. It is about the ideas that motivate human beings. It is about how men act from birth until death. It is about the most important and interesting drama of all — human action.”

Percy L. Greaves
(born August 24, 1906)

“Capitalism has not corrupted our souls. It has improved them.”

Deirdre N. McCloskey
Honorary doctoral degree
from UFM August 2012

"The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”

Milton Friedman
(born July 31, 1912)

“Los controles de precios y salarios tienden a viciar el decisivo papel de señalamiento que supuestamente desempeñan los precios: la movilización de recursos de los usos menos valiosos a los más valiosos”.

Arnold Harberger
Nacimiento 27 de julio de 1924

"No human being can be treated as divine, or above the law, or entitled to make his will the rule of society’s existence.”

Stanton Evans
(born July 20, 1934)
The Theme Is Freedom

"There are no solutions; there are only trade-offs.”

Thomas Sowell
(born June 30, 1930)

“Cada solución da pie a una nueva pregunta...”.

David Hume
Nacimiento 07 de mayo de 1711

“Es paradójico que los economistas que apoyan el libre mercado actualmente no parecen considerar qué tanto podría durar un sistema de mercado libre dentro de un sistema legal basado en la legislación”.

Bruno Leoni
Nacimiento 26 de abril de 1913

“Una opinión equivocada puede ser tolerada donde la razón es libre de combatirla”.

Thomas Jefferson
Nacimiento 13 de abril de 1743

“Nada enriquece tanto los sentidos, la sensibilidad, los deseos humanos, como la lectura”.

Mario Vargas Llosa
Nacimiento 28 de marzo de 1936
Doctor honoris causa UFM
Mayo 1993

“The prime purpose of making money legal tender is to reduce the danger of dispute as to payments; but another purpose often has been to force people to use a depreciated money whether they would or not.”

“El individuo permanece completamente soberano sólo bajo un régimen de total libertad. Cada monopolio, cada privilegio es un ataque a su soberanía”.

Gustave de Molinari
Nacimiento 3 de marzo de 1819

“Many people seem to think that man is a small machine. If given a task he will simply go ahead and perform it in a completely mechanical manner. By contrast, I think that every man is an individual with his own private ends and ambitions.”

Gordon Tullock
(born February 13, 1922)
The Selected Works of Gordon Tullock (1965)

“Money has not been generated by law. In its origin it is a social, and not a state institution.”

Carl Menger
(born February 28, 1840)
The Origins of Money

“…if the majority, however large, of the people enter into a contract of government called a constitution by which they agree to aid, abet or accomplish any kind of injustice, or to destroy or invade the natural rights of any person or persons whatsoever, this contract of government is unlawful and void. ”

Lysander Spooner
(born January 19, 1808)
Unconstitutionality (1845)

“Somos responsables de hacer que la sociedad y nuestra humanidad florezca. ¡Felices fiestas de Navidad! Que sobre la paz logremos seguir construyendo la esperanza”.

Giancarlo Ibárgüen S., rector UFM
Mensaje de fin de año

“War is all impulse, commerce, calculation. Hence it follows that an age must come in which commerce replaces war.”

Benjamin Constant
(October 25, 1767 –
December 8, 1830)
The Liberty of Ancients Compared with that of Moderns

"La expansión crediticia es obra del gobierno. Esa expansión crediticia es el arma principal con que los gobernantes cuentan en su lucha contra la economía de mercado. Les permite conjurar aparentemente la escasez de capital y reducir el interés. Sobre esta base financian la máxima prodigalidad en el gasto público, alimentan euforias alcistas aparentemente inacabables y, según dicen, hacen próspero a todo el mundo. Pero, en definitiva, la expansión crediticia empobrece a la gente".

Ludwig von Mises

La acción humana

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Semana de la Psicologia.jpg

“Thinking is computation, I claim, but that does not mean that the computer is a good metaphor for the mind. The mind is a set of modules, but the modules are not encapsulated boxes or circumscribed swatches on the surface of the brain.”

Steven Pinker, How the Mind Works

“Que pase adelante quien ame la verdad, la libertad y la justicia”.

Manuel F. Ayau
Inauguración Edificio Académico, 1987



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La diferencia que hizo Ayau[editar]

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"Inflation is always and everywhere a monetary phenomenon . . ."

Milton Friedman
(born July 31, 1912)
Money Mischief

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“The conclusion is obvious. The task of freeing the market economy from as many of its fetters as possible, and of promoting free competition, is of paramount importance.”

Gottfried von Haberler
(July 20, 1900 – May 6, 1995)

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"No permitas que perezca el héroe que llevas en tu alma, en solitaria frustración por la vida que merecías pero que nunca pudiste alcanzar. El mundo que deseas puede ser ganado, existe, es real y posible; es tuyo".

Ayn Rand, La rebelión de Atlas

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"La gente empieza a darse cuenta de que el aparato del gobierno es costoso. Lo que aún no ven es que el peso recae sobre ellos".

Frédéric Bastiat

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"Ésta es la relación de cómo todo estaba en suspenso, todo en calma, en silencio; todo inmóvil, callado, y vacía la extensión del cielo".

Popol Vuh



The Right Product, at the Right
Time, at the Right Cost

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Life of Meaning Course

Do you live a life of meaning?

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Entrepreneurial Journey Course

Every entrepreneurial journey should begin with the end in mind.


"Lo que distingue a una época posterior de otra anterior es, entre otros cambios ideológicos, el cambio en la comprensión de épocas anteriores. Por medio del continuo examen y reformulación de nuestra comprensión histórica los historiadores contribuyen a formar lo que se llama el espíritu de la época".

Ludwig von Mises, Teoría e historia

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"Si tienes una biblioteca con jardín, lo tienes todo".

Marco Tulio Cicerón

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"Si tienes una biblioteca con jardín, lo tienes todo".

Marco Tulio Cicerón

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"…cada vez que alguien aprende: acaba concluyendo que lo que ignora es mucho más de lo que antes creía que ignoraba”.

Manuel F. Ayau
Sentido común: 50 años de congruencia liberal

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Fortaleza: flexibilidad sin sometimiento, ante cualquier prueba, dificultad o reto.


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