Making Our Economy Right

Last updated

Making Our Economy Right
Established1991 [1] [2]
DirectorNizam Ahmad [2] [3]
BudgetUS$3,000 to US$5,000 [2]
AddressHouse 2-A, Block NE (G), Road 84, Gulshan – 2, Dhaka 1212, Bangladesh [4]
Location
Dhaka, Bangladesh [5]

Making Our Economy Right (MOER) is a free market think tank in Bangladesh. [1] [2] [6] Headquartered in Dhaka, [5] the institute was established in 1991 by Nizam Ahmad. [2] MOER is sponsored by the Atlas Foundation in the United States. [7] Deroy Murdock, an American libertarian syndicated columnist for the Scripps Howard News Service, is an advisory board member of MOER. [8]

As a result of dictatorships [2] and Fabian socialism, which was the basis of Bangladesh's economy [1] for more than 50 years, [1] [2] the concept of individual freedom and free markets is at a rudimentary stage in the country. [1] For this reason, Bangladesh's topmost economists, politicians, businesspeople, and journalists who previously encouraged MOER's work gradually became sceptical of the idea of free markets. Consequently, the theory of free markets advocated by MOER is considered extreme in Bangladesh and the institute has not gained widespread support. Its support base is those people who philosophically believe in individual liberty and personal choice. Much of the work of MOER soon after its establishment focused on spreading the idea of individual freedom, which was almost unknown in the nation. [2]

The annual budget of MOER is US$3,000 to US$5,000. [2] Staff of the institute publish articles advocating free market and libertarianism in national newspapers. [1] [9] MOER has published books both in Bengali and in English languages for free distribution to libraries with the help of the International Policy Network (IPN) headquartered in London. [1] The think tank has published Bengali translation of classical liberal and libertarian works including The Law by French economist Claude Frédéric Bastiat [5] [9] and publications of libertarian think tanks in the west. [9] MOER also moderates a weekly radio broadcast advocating liberalisation of Bangladesh's economy. In 2002 [10] MOER published the book Clamoring for Free Market Freedom in Bangladesh which is a compilation of essays by its founder Nizam Ahmad. It is the fourth book published by the institute and has a foreword by Milton Friedman, Chicago School economist and recipient of the Nobel Memorial Prize in Economics. [1] [11]

See also

Related Research Articles

<span class="mw-page-title-main">Austrian school of economics</span> School of economic thought

The Austrian school is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with their self interest. Austrian-school theorists hold that economic theory should be exclusively derived from basic principles of human action.

<span class="mw-page-title-main">Milton Friedman</span> American economist and statistician (1912–2006)

Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, and Robert Lucas Jr.

<span class="mw-page-title-main">Murray Rothbard</span> American economist (1926–1995)

Murray Newton Rothbard was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement, particularly its right-wing strands, and was a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects.

<i>Index of Economic Freedom</i> Annual index and ranking created in 1995

The Index of Economic Freedom is an annual index and ranking created in 1995 by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world's nations. The creators of the index assert that they take an approach inspired by Adam Smith's The Wealth of Nations, that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society".

<span class="mw-page-title-main">Fraser Institute</span> Canadian public policy think tank

The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal. It has links to think tanks worldwide through the Economic Freedom Network and is a member of the free-market Atlas Network.

Leonard P. Liggio was a classical liberal author, research professor of law at George Mason University and executive vice president of the Atlas Network in Fairfax, Virginia.

The Mont Pelerin Society (MPS), founded in 1947, is an international academic society of economists, political philosophers, and other intellectuals who share a classical liberal outlook. It is headquartered at Texas Tech University in Lubbock, Texas, United States. The society advocates freedom of expression, free market economic policies, and an open society. Further, the society seeks to discover ways in which the private sector can replace many functions currently provided by government entities.

The Institute for Humane Studies (IHS) is a non-profit organization that promotes the teaching and research of classical liberalism in higher education in the United States. IHS offers funding opportunities, programs, and events for faculty and graduate students seeking careers in academia as well as various fellowships.

<span class="mw-page-title-main">Deroy Murdock</span> American journalist

Deroy Murdock is an American political commentator, a contributing editor with National Review Online, an emeritus media fellow of the Hoover Institution at Stanford University, and member of the Council on Foreign Relations. A native of Los Angeles, Murdock lives in New York City. A first-generation American, his parents were born in Costa Rica.

<span class="mw-page-title-main">Richard Ebeling</span> American economist

Richard M. Ebeling is an American libertarian author who was the president of the Foundation for Economic Education (FEE) from 2003 to 2008. Ebeling is currently the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina.

<span class="mw-page-title-main">Atlas Network</span> Free market American think tank support group

Atlas Network, formerly known as Atlas Economic Research Foundation, is a non-governmental 501(c)(3) organization based in the United States that provides training, networking, and grants for libertarian, free-market, and conservative groups around the world.

<span class="mw-page-title-main">Donald J. Boudreaux</span> Libertarian economist (born 1958)

Donald Joseph Boudreaux is a libertarian American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia.

<span class="mw-page-title-main">Libertarianism in the United States</span> Origin, history and development of libertarianism in the United States

In the United States, libertarianism is a political philosophy promoting individual liberty. According to common meanings of conservatism and liberalism in the United States, libertarianism has been described as conservative on economic issues and liberal on personal freedom, though this is disputed. The movement is often associated with a foreign policy of non-interventionism. Broadly, there are four principal traditions within libertarianism, namely the libertarianism that developed in the mid-20th century out of the revival tradition of classical liberalism in the United States after liberalism associated with the New Deal; the libertarianism developed in the 1950s by anarcho-capitalist author Murray Rothbard, who based it on the anti-New Deal Old Right and 19th-century libertarianism and American individualist anarchists such as Benjamin Tucker and Lysander Spooner while rejecting the labor theory of value in favor of Austrian School economics and the subjective theory of value; the libertarianism developed in the 1970s by Robert Nozick and founded in American and European classical liberal traditions; and the libertarianism associated with the Libertarian Party, which was founded in 1971, including politicians such as David Nolan and Ron Paul.

John Blundell was a British economist who served as Director General and the Ralph Harris Fellow at the Institute of Economic Affairs. Blundell had been involved in the creation and development of numerous free-market think tanks.

The Libertarian Party is a libertarian Brazilian political organization listed as a political party by the Superior Electoral Court. The party was founded on June 20, 2009, in Belo Horizonte.

The Montreal Economic Institute (MEI) is a non-profit research organization based in Montreal, Quebec, Canada. It aims at promoting economic liberalism through economic education of the general public and what it regards as efficient public policies in Quebec and Canada through studies and conferences. Its research areas include different topics such as health care, education, taxation, labour, agriculture and the environment. Its studies are often mentioned in the media.

<span class="mw-page-title-main">Steven Horwitz</span> American economist (1964–2021)

Steven G. Horwitz was an American economist of the Austrian School. Horwitz was the Distinguished Professor of Free Enterprise in the department of economics in the Miller College of Business at Ball State University in Muncie, Indiana. In 2017, he retired as the Dana Professor of Economics Emeritus at St. Lawrence University.

<span class="mw-page-title-main">F. A. Harper</span> American economist (1905–1973)

Floyd Arthur "Baldy" Harper was an American academic, economist and writer who was best known for founding the Institute for Humane Studies in 1961.

<i>Harperism</i> (book) 2014 book by Donald Gutstein

Harperism: How Stephen Harper and his think tank colleagues have transformed Canada is a non-fiction book written by Vancouver-based Donald Gutstein, media critic and professor emeritus at Simon Fraser University's School of Communication. Gutstein's work focuses on links between business, the media, and politics.

References

  1. 1 2 3 4 5 6 7 8 "Member Institutes: Making Our Economy Right (MOER)". Economic Freedom Network, Fraser Institute. 2008. Retrieved 8 January 2010.
  2. 1 2 3 4 5 6 7 8 9 "Teaching Free Markets in Bangladesh" (PDF). Highlights. Fairfax, Virginia: Atlas Economic Research Foundation. Spring 2001. p. 1. Retrieved 8 January 2010.
  3. ↑ Nizam Ahmad (5 January 2005). "Political Dynasty: The Politics of South Asia". Digital Freedom Network. Archived from the original on 7 June 2009. Retrieved 9 January 2010.
  4. ↑ "Making Our Economy Right (MOER)". Global Development Network . Retrieved 8 January 2010.
  5. 1 2 3 "New Translations" (PDF). Highlights. Fairfax, Virginia: Atlas Economic Research Foundation. Winter 2000. p. 2. Retrieved 8 January 2010.
  6. ↑ Alam Tipu, Manzur (2003). "Some Comments on Economic Freedom in Bangladesh" (PDF). Fraser Forum (November 2003). Vancouver: Fraser Institute: 20. Retrieved 9 January 2010.
  7. ↑ Borden, Karl (2001). "Bangladesh". The Colgate Scene. XXIX (January 2001). Hamilton, New York: Colgate University . Retrieved 9 January 2010.
  8. ↑ "Deroy Murdock". National Review Online . New York City. 2010. Archived from the original on 1 March 2010. Retrieved 9 January 2010.
  9. 1 2 3 "Teaching Free Markets in Bangladesh" (PDF). Highlights. Fairfax, Virginia: Atlas Economic Research Foundation. Spring 2009. p. 6. Retrieved 8 January 2010.
  10. ↑ "Clamoring for Free Market Freedom in Bangladesh". SearchWorks. Stanford University . Retrieved 9 January 2010.
  11. ↑ "Institute Publications" (PDF). Highlights. Fairfax, Virginia: Atlas Economic Research Foundation. Spring 2002. p. 9. Retrieved 9 January 2010.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.