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The idea to establish an institute to promote libertarian ideals was first mooted by Wan Saiful Wan Jan, Tunku 'Abidin Muhriz, and Wan Mohd Firdaus Wan Mohd Fuaad in early 2006, who thought there was a need to promote libertarian (classical liberal) ideas to Malaysians in a more strategic and organised fashion.
On 2 February 2014, he relinquished that role to British classical liberal/libertarian philosopher Jamie Whyte, while the party's new Epsom MP is to be David Seymour.
Jón Þorláksson was a classical liberal who had learnt his economics from the well-known Swedish economist Gustav Cassel.
Stephen D. Cox is the editor of Liberty magazine, an American monthly libertarian and classical liberal review.
In 1993, Balint Vazsonyi became Dean of Music at the New World School of the Arts in Miami, Florida but was forced to resign on September 1994, after adding his Classical Liberal views on politics to his students.
While the Institute does not provide instruction in philosophical conservatism, it does encourage its graduates to read classic conservative authors like Edmund Burke and "classical liberal" authors like Frederic Bastiat, as well as more modern conservative thinkers including William F. Buckley Jr., Russell Kirk, Barry Goldwater, and libertarian thinkers such as economists Milton Friedman and F. A. Hayek.
Prior to emigrating there, in August 1938 he was one of the participants in the Colloque Walter Lippmann, whose aim was to strive for the restoration of classical liberal ideas which had seen a decline in interest after the 1920s and 1930s.