King and government do not exercise absolute power but are themselves bound by law: the Magna Carta’s 800th anniversary is today. Marking the sealing of the “Great Charter of Liberties” agreed to by King John, the Cato Institute held a panel discussion June 4 featuring Richard Helmholz (U. Chicago), Roger Pilon (Cato), Tom Palmer (Atlas Network, Cato), Richard Pipes (Harvard), Swaminathan Aiyar (Cato), and Juan Carlos Botero (World Justice Project), moderated by Ilya Shapiro and Ian Vasquez (Cato).
More: Carrie-Ann Biondi, The Objective Standard (“a profound development on the road to a civilized, rights-based society… toward properly limited government.”), Sheldon Richman (a study in unintended consequences and spontaneous social evolution), Roger Pilon (“We’re back in the fields of Runnymede, importuning our government for relief from its assumption of plenary power.”), Deepak Lal (India and Hong Kong have benefited enormously from it; mainland China, Egypt, and Russia feel its lack). [Slightly edited to add new introduction.]