In the second part of this conference Peter Boettke has an interesting conversation with the attendees of the seminar. He discusses topics such as liberty, law, economics, and philosophy, based on the works of Ludwig von Mises, Ayn Rand, James M. Buchanan, and Murray Rothbard, amongst other personalities relevant to the Austrian School of Economics. Boettke explains the importance of values within every society in the development and growth processes in many different aspects. He tells about their interrelation and pragmatic characteristics, which cannot be separately explored. Happiness is one of the most important goals they approach, due to its significance from the liberal point of view. Both collective and individualistic systems are compared to determine which serves better to human beings, delimited mainly, by the human flourishing ideal.

Here you can see the video Institutions, Human Action, and Public Policy (Part I).