On November 26, 2004 the Lithuanian Free Market Institute held an Annual Meeting at the Le Meridien Villon Hotel, Vilnius, to mark the beginning of the fifteenth year of work and to host distinguished guest speaker prof. Pascal Salin from France. The event drew together LFMI‘s supporters, media representatives, politicians, friends, and fellow thinkers.

LFMI was delighted to present Prof. Pascal Salin, one of the most prominent contemporary thinkers of economic liberalism and perhaps the most outstanding French economist. The topic of his speech was „How monopolies work in the private sector and competition in the public sector.“ In his speech Prof. Pascal covered the most important economic problems and facilitated discussion on such issues as what the best monetary policy is, how monopolies jeopardise a free market, what governments should do to curb monopolies, and how governments should perform market oversight...

LFMI wishes to express thanks to all participants of the event for their moral and material support. We were very pleased to start our fifteenth year of work with all of you!

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Prof. Pascal Salin: Pascal Salin has a Ph.D. in Economics and a degree in Sociology. Pascal Salin is Professor of economics at Université Paris - Dauphine. He has been President of the Mont Pelerin Society (international association of classical liberal thinkers), 1994-96. Former president of the Mont Pelerin Society, Pascal Salin is a renowned expert in Financial matters, author of several books translated in various languages, and numerous articles in the best financial reviews of the world. He is a regular writer in the French newspaper Le Figaro and he writes articles for various other newspapers (particularly Le Monde and The Wall Street Journal). He has taught and given conferences in numerous countries. He is a corresponding member of the Argentine Academy of Science, a member of the Academic Working Party of the World Gold Council, a member of the Academic Board of several institutes and Universities (United States, Canada, Brazil, Argentina, Peru, Japan, Hong-Kong, United Kingdom, Belgium, Poland, Morocco, South Africa, Spain, and France)

He has been visiting Professor, The Bologna Center, Johns Hopkins University; consultant at the research department of the IMF; an expert at EC; a consultant at the Harvard Institute for International Development, the Sahel Club, FAO, USAID, the UN Economic Commission for Africa, the government of Niger; a member of the Committee on employment appointed by the Prime Minister (1993); a member of the Advisory committee of Arthur Andersen France.

His latest book, Libéralisme, is an outstanding contribution to the philosophy of Libertarianism, possibly the most comprehensive, up to date, and clearest one in the French language since Frédéric Bastiat.