The Manhattan Institute hosted a banquet in New York City in honor of John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, who has been named this year’s recipient of the prestigious Hayek Prize for his book First Principles: Five Keys to Restoring America’s Prosperity (W.W. Norton 2012). “The Hayek Prize, which carries an award of $50,000, is one of the country's most significant book awards. It was established by the Manhattan Institute to recognize a work published within the previous two years that best reflects F.A. Hayek's vision of personal liberty and economic freedom,” stated James Piereson, a senior fellow at the Manhattan Institute, chairman of the Hayek Prize Committee and president of the William E. Simon Foundation.
