Free Market Road Show: The World after Brexit and Trump
Past Events
We now live in an era where the unthinkable happens, repeatedly. A conference on our times and the future of free market.
The Danube Institute, the Corvinus University and the Austrian Economics Center presented
Free Market Road Show 2017
The World after Brexit and Trump
Time: April 27, 2017, 15:00-19:30
Venue: Corvinus University, Room 3005
“May you live in interesting times”, as the old Chinese curse goes. Europe and the rest of the world are definitely going through one of the most interesting periods of political upheaval since the fall of the Berlin wall. We now live in an era where the unthinkable happens, repeatedly.
Britain’s withdrawal from the EU leaves many questions unanswered. Will the United Kingdom become a more dynamic, open, and freer economy after Brexit? Or will demagoguery and economic interventionism prevail?
Donald Trump’s victory in the Presidential election was also an unpredictable ‘black swan’ event with key parallels in terms of the political context and media response to his candidacy. Deemed to be impossible until the very day of the election, some people now see President Trump’s victory as a further step towards a global populist uprising against the elites. Is this schism here to last? Are large sections of society in the developed world revolting against traditional political parties, the media, and the establishment?
Free trade is accused of being responsible for the loss of countless jobs – especially in the industrial sector and protectionism is making a spectacular comeback on both sides of the Atlantic. Trade agreements such as the TPP are being demonized across the political spectrum while differences between right and left are increasingly disappearing in a sea of populism. At the same time, innovative companies such as Uber and AirBnB who disrupt traditional ways of doing business face ferocious opposition from cartels teaming up with governments. 
Free movement of people is another casualty of our times. In the UK there are serious conversations about the status of EU residents. At the same time, the migrant crisis continues to hit Europe with endless waves of refugees looking for political stability and economic hope. With political uncertainty mounting in Europe, the Free Market Road Show will roll into Hungary with its message of free markets, individual liberty, and the peace and prosperity these bring. No other free market movement in Europe has the reach of the Road Show. The 2016 tour reached over 10,000 participants in 44 cities across 33 countries. The project is spearheaded by the Austrian Economics Center, a Vienna-based think tank based to keep alive the work of the ‘Austrian School’ of economists in Europe, many of whom fled the rise of fascism in the 1930s. Program highlights below.
3:00-3:15- Registration
3:15-3:30- Opening Remarks
John O’Sullivan, President Danube Institute
3:30-4:30 - Panel 1 - Healthcare in Hungary: Needs, Access and Quality of Health Services in Hungary and Comparison to Other Regional Countries
Topics include: - How reimbursement/coverage decisions are made for drugs and interventions; State health financing in the absence of a health insurance market; private health insurance at present and a possible future scenario.
Moderator: Prof. Peter Akos Bod, Corvinus University
Keynote speakers: Prof. László Gulácsi, Petra Baji, Ph.D., both of Corvinus University, Department of Health Economics
Questions and Answers
4:30-4:45 - Coffee break
4:45-5:45 - Panel 2 – A Major Economic Reconfiguration: The End of the Free Trade Era?
Topics include: Free trade and its discontents; Protectionism; Trade agreements; The sharing economy; Intellectual property and the Public interest; Economic consequences of Brexit and Trump’s policies.
Moderator: Prof. Peter Akos Bod
Keynote speakers: Dr. Robert Murphy, Dr. Cristopher Lingle
Questions and Answers
6:00-7:00 - Panel 3 – Troubled Times in a Divided World
Topics include: How to close the gap between people and elites; The parallel world of the media; How to find a balance between tolerance and the danger of eroding European values? The European Union after Brexit – are France and the Netherlands next?
Moderator: Prof. Peter Akos Bod
Keynote speaker: Prof. Dr. Erich Weede
Panelists: Federico Fernandez
7.00-7.15 - Closing Remarks - Reception immediately follows, same floor
Peter Akos Bod and John O’Sullivan
Speakers include:
Prof. Péter Ákos Bod, DSC
Professor at Economic Policy Department at Corvinus University of Budapest, and Doctor of the Hungarian Academy of Sciences since 2014. A graduate of Budapest University of Economics (1975), he first worked for the Budapest Institute of Planning as research economist, taught economics in Hungary and as visitor lecturer in the US. After the democratic changes, he became Cabinet Minister for Industry and Trade (1990-1991), was elected governor of the Hungarian National Bank (1991-1994), and later served as board member at EBRD, London (1995-1998). He serves as Chairman of the Budapest Economic Club.
Prof. László Gulácsi MD, Ph.D., Ph.D., Ph.D., Ph.D., Habil.
László Gulácsi works as a Professor and Head, Department of Health Economics, Corvinus University Budapest, Budapest, Hungary. ( He is the head of the Hungarian Office for Health Technology Assessment (HunHTA). By profession he is a physician (Debrecen medical University), having university degrees of programming mathematics (Kossuth Lajos University of Arts and Sciences), mathematical economics and sociology (Corvinus University of Budapest) and health economics (University of York). He received PhD degrees from the Medical University of Amsterdam, Corvinus University of Budapest, Semmelweis Medical University Budapest and from the Debrecen Medical University. He is qualified in social medicine.
Petra Baji, Ph.D. Ph.D., 
Petra Baji an associate professor at the Department of Health Economics Corvinus University of Budapest. She obtained an MSc in Economics at Corvinus University of Budapest in 2009 and a PhD from Maastricht University in 2013. Her research interest considers out-of-pocket payments and willingness to pay for health care services including informal payments, the effect of risk perception on health related decisions as well as health economic evaluations.
Erich Weede
Professor of sociology at the University of Cologne from 1978 to 1997, and at the University of Bonn from 1997 until his retirement in 2004, he has devoted most of his time to study Austrian and Public Choice economics.
Cris Lingle
Visiting Professor of Economics in the Escuela de Negocios at Universidad Francisco Marroquín in Guatemala (since 1998), Adjunct Scholar at the Centre for Independent Studies (Sydney), Research Scholar at the Centre for Civil Society (New Delhi), International Political Economic Advisor for the Asian Institute for Diplomacy and International Affairs (AIDIA – Kathmandu) and Member of the Academic Advisory Council of the Globalization Institute (Brussels).
Robert Murphy, Ph.D.
Research Assistant Professor at the Free Market Institute (FMI) at Texas Tech University. Dr. Murphy earned his B.A. in economics from Hillsdale College and his Ph.D. in economics from New York University. Prior to joining Texas Tech
University, he was a Visiting Assistant Professor at Hillsdale College, a Visiting Scholar at New York University, a Research Analyst at Laffer Associates, and a Senior Fellow with the Pacific Research Institute.
The 2017 Free Market Road Show
April 27, 2017
Corvinus University, Room 3005

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H-1067 Budapest, Eötvös u. 24.
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