Edward H. Crane is the founder and president of the Cato Institute. In the 1970s, he was one of the most active leaders of the Libertarian Party: he was the Party's national chairman from 1974 to 1977, and managed Ed Clark's high-profile 1978 campaign for governor of California. In 1977, with the funding of Charles Koch and the assistance of Murray Rothbard, Crane established the Cato Institute, which would grow into the best-known libertarian think-tank in the world. Crane and Rothbard later butted heads with regards to Cato, spurring Rothbard to write a scathing indictment of Crane and Cato in the Libertarian Forum[1]. In 1983, Crane, along with many of his supporters, left the Libertarian Party following the Party's nomination of David Bergland rather than Earl Ravenal for president. The Cato Institute is a large libertarian, non-profit public policy research foundation (think tank) headquartered in Washington, D.C. The Institutes stated mission is to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets, and... The 1970s decade refers to the years from 1970 to 1979, inclusive. ... The Libertarian Party is a United States political party created in 1971. ... 1974 (MCMLXXIV) was a common year starting on Tuesday (the link is to a full 1974 calendar). ... For the album by Ash, see 1977 (album). ... Ed Clark was the Libertarian candidate for President of the United States in the 1980 presidential election. ... 1978 (MCMLXXVIII) was a common year starting on Sunday (the link is to a full 1978 calendar). ... Governors Arnold Schwarzenegger and Gray Davis with President George W. Bush (2003) Seal of the Governor of California (without the Roman numerals designating the governors sequence) See also: List of pre-statehood governors of California, List of Governors of California The Governor of California is the highest executive authority... For the album by Ash, see 1977 (album). ... Charles G. Koch (November 1, 1935– ) is chairman of the board and chief executive officer of Koch Industries, Inc. ... Murray Newton Rothbard Murray Newton Rothbard (March 2, 1926 - January 7, 1995) was an American economist and political theorist belonging to the Austrian School of Economics who helped define modern libertarianism and anarcho-capitalism. ... 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ... David P. Bergland is an American libertarian activist. ...