Hannes Holmsteinn Gissurarson will be talking about the conservative-liberal tradition which stretches back to the medieval writers Snorri Sturluson and St. Thomas Aquinas, but which was developed mainly in the eighteenth century by David Hume, Adam Smith and Edmund Burke, whereas its most distinguished modern representatives are Friedrich von Hayek, Wilhelm Röpke, Michael Oakeshott, and Bertrand de Jouvenel.