Ralph Raico

While at the University of Chicago, Raico founded The New Individualist Review, a libertarian publication which first published in April 1961 and produced 17 issues until it ceased publication in 1968. Raico and other graduate students comprised the editorial board. Hayek and Milton Friedman and later economist George Stigler were on the advisory board. In 1981, Friedman wrote that he believed the publication had "set an intellectual standard which has not yet, I believe, been matched by any of the more recent publications in the same philosophical tradition".

In the mid-1950s, the Circle Bastiat also brought Raico into contact with novelist Ayn Rand and her followers, informally known at the time as The Collective. Raico attended the first lectures about Rand's philosophy of Objectivism. Eventually, relations between the two groups soured, leading to an incident in which the Circle parodied the Collective, performing a skit in which Raico played the part of Rand's protege Nathaniel Branden. By the summer of 1958, Rand and Rothbard had broken off all ties, and the groups stopped associating.

Ralph Raico (/ˈreɪkoʊ/; October 23, 1936 – December 13, 2016) was an American libertarian historian of European liberalism and a professor of history at Buffalo State College.