“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
Economist Uri Maltsev talks about socialism in Russia with Glenn Beck as part of Beck’s episode on Hayek’s The Road to Serfdom:
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Without a functioning labour market there can be no meaningful cost calculation and no efficient use of resources. — F. A. Hayek
Without a functioning labour market there can be no meaningful cost calculation and no efficient use of resources.
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