David Schmidtz — 2024 Markets and Society Conference Keynote

**Content Warning** This episode includes discussions of sexual assault, which may be distressing for some listeners. Please listen with care.

On this episode of the Hayek Program Podcast, David Schmidtz delivers a keynote lecture at the 2024 Markets & Society conference on the idea of self-governance. Drawing on examples from economics, moral philosophy, and higher education, Schmidtz argues that rational choice is less about optimization and more about choosing the frameworks within which decisions become meaningful. He examines the parallels between individual and corporate self-governance, the role of mission statements as “compasses” rather than formulas, and the dangers of over-specialization in academia. Along the way, he reflects on truth-seeking, academic freedom, moral education, and the human need for purposiveness, ultimately challenging universities to cultivate enduring capacities rather than narrow skill sets.

Dr. David Schmidtz is Professor and Presidential Chair of Moral Science at West Virginia University’s Chambers College of Business & Economics, Distinguished Affiliated Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, and Editor-in-Chief of Social Philosophy & Policy. He has published numerous books, including Living Together: Inventing Moral Science (Oxford University Press, 2023), A Brief History of Liberty (Wiley Blackwell, 2011) coauthored with Jason Brennan, and his leading textbook Environmental Ethics What Really Matters, What Really Works (Oxford University Press, 2024) co-edited with Dan Shahar is now in its fourth edition.

**This episode was recorded October 13, 2024.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!

Follow the Hayek Program on Twitter: @HayekProgram

Follow the Mercatus Center on Twitter: @mercatus

CC Music: Twisterium