Programme

Sunday 21 August


14.00-19.00 Registration at Hotel Nordica
18.00-19.00 General Opening Reception at Nordica Hotel
19.00-21.00 Opening Dinner at Banquet Room at Hotel Nordica, Welcoming Remarks by Prof Hannes H. Gissurarson and Presidential Address by Prof Victoria Curzon-Price, President of Mont Pelerin Society


Menu:
Tiger shrimps and bacalao pizza
Saddle of Icelandic mountain lamb with potato cake
Creamcheese mousse with berries

White wine: Stoneleigh Chardonnay 2001 (New Zealand)
Red wine: Beaujolais Georges Duboeuf 2001 (France)


Monday 22 August


09.00-10.30

Session I: Liberty in Small States


Chair: Dr Ed Feulner, Heritage Foundation, Washington DC.

Prof Victoria Curzon-Price, University of Geneva
Tolerance and Free Trade: The Case of Switzerland

The Hon Mart Laar, fmr. Prime Minister of Estonia
Estonia: The Road from Serfdom

The Hon David Oddsson, Foreign Minister of Iceland
Iceland: Challenges and Opportunities

Commentator: Dr Michael Walker, Fraser Institute, Vancouver


11.00-12.30

Session II: New Dimensions of Property Rights


Chair: Mr John Blundell, Institute of Economic Affairs, London

Prof Ragnar Arnason, University of Iceland
The Property Rights Perspective

Prof Harold Demsetz, U. C. L. A.
Some Developments in the Theory of Property Rights

Dr Thomas Hazlett, Manhattan Institute, New York
Property Rights, Broadcasting and Telecommunications

Commentator: Dr. Stefan Fölster, Confederation of Swedish Enterprise


12.30-13.30 Buffet Lunch outside Main Meeting Room

Menu:
Assortment of appetizers
Grilled salmon, pan-fried chicken breast, Basmati rice, and vegetables
Assortment of desserts
Soda water



14.00-15.30

Session III: The Evolution of Liberal Institutions


Chair: The Hon Geir H. Haarde, Minister of Finance, Iceland

Prof Thrainn Eggertsson, University of Iceland
Some Aspects of the New Institutional Economics

Judge Douglas H Ginsburg, U.S. Court of Appeals for the DC circuit
Antitrust Law: Lessons from the U.S.

Andrei Illarionov, Chief Economic Adviser to President Putin
Challenges for Rent-based Economies

Commentator: Dr Niclas Berggren, Ratio, Stockholm


16.00-17.30

Session IV: Intellectuals and Socialism

Chair: Dr Carl-Johan Westholm, Stockholm and Uppsala

Prof Hannes H. Gissurarson, University of Iceland
Halldor Laxness as the 20th Century Intellectual

Prof Bent Jensen, University of Southern Denmark
Western Intellectuals and the Big Lie

The Hon Vaclav Klaus, President, the Czech Republic
Reflections on the Central European Experience

Commentator: Dr David Gress, Hoover Institution and University of Aarhus





Optional Tour ($50 per person)


18.30-19.15 Driving to Blue Lagoon
19.15-20.30 Reception by the Trade Council, swimming (for non-swimmers: film on Iceland)
20.30-21.30 Seafood Buffet at Blue Lagoon
21.30-22.15 Driving to Reykjavik




Tuesday 23 August




09.00-10.00 Driving from Nordica Hotel to Thingvellir
10.00-11.30 Walking around at Thingvellir
11.30-12.30 Luncheon at Valholl Hotel
Brief Remarks on the Icelandic Commonwealth by Prof Anna Agnarsdottir, University of Iceland


Menu:
Hot Soup of the Day
Freshwater Trout from Lake Thingvellir

White wine: Sandero Chardonnay, Concha y Toro, (Chile)
Red wine: Beaujolais Georges Duboeuf 2001 (France)



12.30-13.30 Driving through Lyngdalsheidi to Geysir
13.30-14.15 Walking around at Geysir area
14.15-14.30 Driving to Gullfoss waterfall
14.30-15.00 Walking around at Gullfoss waterfall

15.30-17.00 Driving back to Hotel Nordica

Evening, free in Reykjavik

18.00-19.00 Possible optional tours to the companies Decode (genetic research) and Grandi (fishing firm) for briefings about their operations and receptions

Wednesday 24 August




09.00-10.30

Session V: Globalisation and Tax Competition

Chair: Mr Ed Crane, Cato Institute, Washington DC

Prof Arnold Harberger, U. C . L. A.
The Benefits of Globalisation

Dr Dan Mitchell, Heritage Foundation
Tax Competition as a Means to Control Leviathan

Prof Pascal Salin, University of Paris-Dauphine
The Case Against "Tax Harmonisation": The OECD and EU Initiatives

Commentator: Mr Johan Norberg, Timbro, Stockholm


11.00-12.30

Session VI: Is Government Necessary?

Chair: Prof Leonard Liggio, George Mason University and Atlas Foundation

Prof Boudewijn Bouckaert, University of Ghent and Harvard Law School
The State in Liberal Theory

Prof David Friedman, University of Santa Clara
What Government Should and Should Not Do

Prof Birgir Thor Runolfsson, University of Iceland
Order Without Government: The Icelandic Commonwealth of 930-1262

Commentator: Dr Tom Palmer, Cato Institute


12.30-13.30 Lunch

Menu:
Assortment of Appetizers
Poached lightly salted cod, oven-roasted leg of lamb, diced potatoes, and
vegetables
Assortment of desserts
Soda water


14.00-15.30

Session VII: Protecting the Environment

Chair: Mrs Deecy Gray, Washington DC

Prof Rognvaldur Hannesson, Norwegian Business School, Bergen
How to Stop Over-Fishing: The Icelandic ITQ System

Professor Terry Anderson, PERC, Bozeman, Montana, and Professor Gary Libecap, University of Arizona
Natural Resources, Transaction Costs and Property Rights: Analysis and Examples


Commentator: Mr Julian Morris, International Policy Network, London


16.00-17.30

Session VIII: Science, Liberty and Property

Chair: Dr Emilio Pacheco, Liberty Fund, Indianapolis

Dr Roger Bate, American Enterprise Institute, Washington DC
The Economics of Scaremongering

Michael De Alessi, U. of C. Berkeley
Science, Sanctions, and Cetaceans: Who Should Own
the Whales?


Dr Kari Stefansson, deCode Genetics, Reykjavik
Genetic Research in Iceland

Commentator: Prof Peter Kurrild-Klitgaard, University of Southern Denmark


18.30-19.30 Closing Reception at the restaurant Perlan, sponsored by Ossur — Bionic Technology

19.30-21.30 Closing Gala Dinner and Dance at the restaurant Perlan, Final Remarks by Prof Harold Demsetz


Menu:
Cream of lobster with grilled lobster tails
Roasted leg of reindeer with morel sauce, root vegetables and rösti potatoes
Skyr, an Icelandic dairy speciality

Perlan cocktail
White wine: P. Lehmann Wildcard Chardonnay (Australia)
Red Wine: Cotes de Rhone E. Guigal (France)

Music:
The Millionaires, a popular Icelandic band
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