who was cato institute named for
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.In July 1976, the name was changed to the Cato Institute.ince 2002, the Cato Institute has awarded the Milton Friedman Prize for Advancing Liberty every two years to an individual who has made a significant contribution to advancing human freedom.. The prize comes with a cash award of US$250,000.