Europe, Eurozone and Monetary Views

In this episode of Somewhere, Anywhere, we step outside the studio and into the home of one of Europe’s most important classical liberal thinkers: Pedro Schwartz. What follows is less an interview than a conversation across generations about freedom, institutions, and the intellectual life of modern Spain.

Schwartz’s life traces the arc of European liberalism in the twentieth century. As a young Spaniard coming of age under Franco, he left a closed country and found himself at the London School of Economics, studying under Karl Popper and alongside some of the great figures of modern economic thought. Those formative years exposed him to a cosmopolitan intellectual environment that would shape his lifelong project: bringing the traditions of classical liberalism —Popper, Hayek, Friedman, Robbins — into Spanish intellectual and political life. 

Over the decades, Schwartz became not only a scholar but also a conduit of ideas. He translated, introduced, and debated liberal thought in Spain when it was still intellectually marginal. His influence extends through generations of economists, journalists, and policymakers, many of whom first encountered liberal ideas through his seminars, essays, and public interventions. 

The conversation moves fluidly between intellectual history and lived politics. Schwartz reflects on the intellectual atmosphere of the LSE in the 1960s, the role of the School of Salamanca in Spain’s liberal tradition, and his encounters with figures such as Friedrich Hayek and Milton Friedman. At the same time, we revisit decisive moments in modern Spanish history: the democratic transition, the 1981 coup attempt, Spain’s entry into NATO and the European project, and the reformist wave of the 1990s. 

Schwartz also speaks candidly about his own brief experience in politics —founding a liberal party, serving in parliament, and influencing the policy debates that helped shape Spain’s market reforms. Yet he ultimately returns to the role he values most: that of the public intellectual who helps societies clarify their principles.

Throughout the episode, one theme recurs: liberalism is not simply a set of policy preferences but a civilizational inheritance. It requires institutions, intellectual seriousness, and a broad cultural horizon — one that ranges from economic theory to philosophy, history, and literature.

At 91 years old, Pedro Schwartz remains engaged in that project. This conversation is both a reflection on a remarkable intellectual life and a meditation on the enduring challenges of defending freedom in democratic societies.

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